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The word for today is…
penury (noun) -
1: a cramping and oppressive lack of resources (such as money), especially : severe poverty
2: extreme and often stingy frugality
Source : Merriam-Webster
Etymology : The exact meaning of "penury" (from Latin penuria, meaning "want") can vary a bit from context to context. It sometimes has had a broad sense of "lack" or "scarcity," as when one character remarks on another's "penury of conversation" in Jane Austen's Emma. It can also mean "frugality," as in Edith Wharton's description of an excessively thrifty hostess in The Age of Innocence: "Her relatives considered that the penury of her table discredited the Mingott name, which had always been associated with good living." The most common sense of "penury," however, is simply "poverty," as in Shakespeare's As You Like It: "Shall I keep your hogs, and eat husks with them? What prodigal portion have I spent that I should come to such penury?"
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