die Armut
poverty
The state in which a person or group of people does not have sufficient financial means and essential goods.
Die Bekämpfung der Armut ist eine globale Herausforderung.
Combating poverty is a global challenge.

poverty
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poverty
The state in which a person or group of people does not have sufficient financial means and essential goods.
Die Bekämpfung der Armut ist eine globale Herausforderung.
Combating poverty is a global challenge.

The noun 'die Armut' (poverty) is derived from the adjective 'arm' (poor). It describes the state of being poor.
Viele Menschen sind von Armut bedroht.
Many people are at risk of poverty.
In connection with financial hardship, 'Armut' (poverty) is often used in fixed phrases such as 'in Armut leben' (to live in poverty), 'die Armut bekämpfen' (to combat poverty), or 'von Armut betroffen sein' (to be affected by poverty).
Die Familie lebte viele Jahre in großer Armut.
The family lived in great poverty for many years.
You can recognize the figurative meaning 'Mangel' (lack) by the fact that 'Armut' (poverty) is combined with an abstract, often emotional or intellectual term. Common examples are 'emotionale Armut' (emotional poverty), 'geistige Armut' (intellectual poverty), or 'kulturelle Armut' (cultural poverty).
Trotz seines Reichtums litt er an emotionaler Armut.
Despite his wealth, he suffered from emotional poverty.
need / hardship
'die Not' and 'die Armut' can both mean that people do not have enough to live on. 'Armut' more often describes a long-term state: someone has too little money, food, or other important things. 'Not' sounds more urgent and can also refer to an acute, dangerous situation. A poor person may live in poverty permanently; a person in 'Not' often needs immediate help. Learners may confuse the words because poverty often leads to hardship. Still, 'Armut' is more precise for the financial condition, while 'Not' is more precise for urgent distress.

Viele Kinder leiden unter Armut, weil ihre Familien kaum Geld haben.
Many children suffer from poverty because their families have hardly any money.
Nach dem Brand war die Familie in großer Not.
After the fire, the family was in severe hardship.