1. Vocabulary Lesson 9: Wealth and Poverty
Words related to wealth or the lack of it are commonly used in the world of business and the media. The details of economic events and financial transactions are important for everyone to comprehend. The words in this lesson will help you understand wealth-related issues.

2. Austerity
Severe and rigid restrictions, especially those brought about by difficult economic times
The quality of lacking luxury or ornamentation
The quality of being severe or stern in appearance or manner

3. Depreciate
To decrease or cause to decrease in value or price

4. Equity Net value; the value of a business or property minus debt owed
Property value
- Mortgage owed
= Equity (net value)
Fairness; justice

5. Frugal
Economical; thrifty; careful or strict in avoiding unnecessary spending

6. Indigent Extremely poor; impoverished; lacking basic necessities
Bread line during The Great Depression

7. Munificent Generous; liberal in giving

8. Pecuniary
Having to do with money (finances)

9. Recession A general decline in business activity
The act of withdrawing or going back

10. Remunerate
To pay for goods provided, services rendered, or losses incurred; to compensate for
Breaking Bad: “Better call Saul”

11. Solvent
Capable of meeting financial obligations; able to pay debts