What is another word for austerity?

1603 synonyms found


[ ɔːstˈɛɹɪti], [ ɔːstˈɛɹɪti], [ ɔː_s_t_ˈɛ_ɹ_ɪ_t_i]

Synonyms for Austerity:

How to use "Austerity" in context?

Austerity is a word that has been thrown around a lot in the last few years, mainly in connection with the global financial crisis. In simple terms, austerity is the practise of reducing government spending in order to increase revenue. This can have a number of consequences, both positive and negative.

The most obvious effect of austerity is on government services, which can be reduced or withdrawn altogether. This can lead to widespread hardship for people who rely on those services, as well as serious financial difficulty for the government itself. It can also have a negative impact on the economy as a whole, as spending on essential services is often necessary for growth.

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