Definition of "impoverishment" []

• The action of impoverishing someone. (noun)
• The state of being impoverished. (noun)

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• "One must guard against the misinterpretation of this term impoverishment as compared with the state of affairs which would have developed in the absence of credit expansion and the boom."
• "An impoverishment is what I'd call it, and more than likely what the American public will once again be offered."
• "What we're facing is the long-term impoverishment of the majority of the population in order to prop up a system where people at the top can cream off their fees and cream off their very fat incomes."