Austerity

/ɔːˈstɛr.ɪ.ti/

Meaning & Definition

noun

A policy of economic restraint characterized by the reduction of government spending, often implemented in response to economic crises.

The government's austerity measures led to significant cuts in public services.

The quality or state of being austere; severity or seriousness.

The austerity of the monk's lifestyle was evident in his simple clothing and sparse living quarters.

An economic condition of reduced consumption, often accompanied by a focus on saving and frugality.

During the recession, many families adopted a lifestyle of austerity to manage their finances.

From Middle French 'austérité', from Latin 'austeritas', from 'austerus' meaning 'harsh'.

austerity measures

Policies undertaken to reduce government spending.

austerity program

A structured plan for implementing cuts in government spending.

live in austerity

To live a lifestyle characterized by restraint and frugality.

austere

Severe or strict in manner, attitude, or appearance.

frugality

The quality of being economical with money or food; thriftiness.

rigor

The quality of being extremely thorough and accurate; strictness.

Living on a tight budget.

With the new austerity measures, we're all living on a shoestring.

Cutting back on everything.

Ever since the layoffs, it's been all about austerity in this office.