LATIN DICTIONARYLexicon Latīnum
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“poverty” in Latin

The English word poverty itself goes back to Latin pauper, through paupertās.

Riddle & Arnold A Copious and Critical English–Latin Lexicon, 1864

poverty
Want of money or means of subsistence, paupertas, angustiae rei familiaris, difficultas domestica (of those who have barely enough for necessary expenses, πενία: ☞ Pauperies is only poetic): tenuitas (of those who have a very small income or fortune): egestas (of those in want of things necessary, whether the necessity be natural or acquired): inopia (deep poverty, helpless need): mendicitas (the poverty of a beggar, beggary, πτωχεία). (The words are found in this connection and order.) egestas ac mendicitas. To live in poverty, parce ac duriter vitam agere; tenuiter vivere (Ter., Phorm., 1, 2, 95): to live in great poverty, vitam in egestate degere; vitam inopem colere: to fall into poverty [Vid: “To grow POOR”]: to fall into deep poverty, ad pudendam inopiam delabi (of a family): to plunge anyone into poverty, aliquem ad paupertatem protrahere, ad inopiam redigere, ad famam rejicere: to plunge one’s self into great poverty, se detrudere in mendicitatem: to bear or endure poverty, paupertatem perferre; (very great) inopiam tolerare; mendicitatem perpeti: to rise from poverty, ex mendicitate emergere.
Poorness, want, deficiency, egestas; inopia. Poverty of intellect or wit, animi egestas (Cic., Pis., 11, in.): tenuis et angusta ingenii vena (Quint., 6, 2, 3): poverty of expression, inopia (Cic., Brut., 55, 202; where we find paupertas et jejunitas): poverty of words (in conversation), sermonis inopia (Sen., Benef., 2, 27, 1).

Quick answer

What is the Latin word for poverty?
The usual Latin words for “poverty” are meō, paupertās, tenuitās; also egestās, inops, mendīcitās. The right choice depends on the sense; see the distinctions below.

Entry from J. E. Riddle & T. K. Arnold, A Copious and Critical English–Latin Lexicon (rev. C. Anthon, New York: Harper, 1864), digitised by Fergus J. P. Walsh, CC BY-SA 4.0; Latin markup adapted by latindictionary.co.