Austerity meaning: 'austerity' - Complete English Word Reference

'austerity' - Complete English Word Reference Definitions of 'austerity' 1. Austerity is a situation in which people's living standards are reduced because of economic difficulties. [...] 2. If you refer to something as showing austerity, you like its plain and simple appearance. Discover what austerity measures are, their types, and how they impact economies with real-world examples from the U.S. and Greece. Learn the pros and cons. 3 meanings: 1. the state or quality of being austere 2. an austere habit, practice, or act 3. a. reduced availability of.... Click for more definitions. The meaning of AUSTERITY is the quality or state of being austere. How to use austerity in a sentence.