Impoverishment
Part of speech: noun
Definition: The action of impoverishing someone. The state of being impoverished.
Poverty
Part of speech: noun
Definition: The quality or state of being poor or indigent; want or scarcity of means of subsistence; indigence; need.Any deficiency of elements or resources that are needed or desired, or that constitute richness; as, poverty of soil; poverty of the blood; poverty of ideas.
Example sentence: The real tragedy of the poor is the poverty of their aspirations.