Austerity (noun) Definition, Meaning & Examples

noun, plural aus·ter·i·ties.
  1. austere quality; severity of manner, life, etc.; sternness.
  2. ascetic practices: austerities of monastery life.
  3. harsh economic policies, as increased taxes or decreased funding for social services, usually adopted in response to government debt or deficits (often used attributively): Economic growth slowed under austerity.The legislature tried to reduce the budget deficit with austerity measures that raised the retirement age and cut pension benefits.
noun plural -ties
  1. the state or quality of being austere
  2. an austere habit, practice, or act
    • reduced availability of luxuries and consumer goods, esp when brought about by government policy
    • (as modifier)
Austerity (noun) Definition, Meaning & Examples

More Definitions