A cramping and oppressive lack of resources (such as money) especially: severe poverty. (Merriam – Webster)
Extreme and often stingy frugality. (Merriam – Webster)
The state of being extremely poor. (Cambridge Dictionary)
The state of being very poor; extreme poverty. (Oxford Dictionaries)
Extreme poverty; destitution. (Dictionary.com)
Civilians living in “penury and panic” as Mosul battle rages – UNHCR.
The World’s newest photos of penury.