Penury
/ˈpɛn.jə.ri/ noun hardPenury describes a state of severe want, in which a person lacks even basic necessities.
After the factory closed, entire families in the town slid into penury within a single winter.
Memory Trick
Penury sounds like 'pen-less-ury' - imagine someone so poor they can't even afford a pen, the most basic of tools.