Nouveau pauvre 

A type of person who usually has money, but for some unknown reason is suddenly broke. The opposite of nouveau riche.

Dan: What's your new laptop like?
John: Great, but I checked my bank balance and I'm flat broke.
Dan: I thought you were minted..!?
John: I was, now I'm nouveau pauvre.

Nouveau pauvre by Captainfailure April 3, 2008

Nouveau Pauvre 

Young people graduating in the middle of a recession who have few employment opportunities, live on a budget, but want to live well.

www.nouveaupauvreproject.com

Most people between the ages of 21 and 29 are Nouveau Pauvre these days.

Nouveau Pauvre by nouveau pauvre November 19, 2009