Top Definition
The delusional thought process that develops when one thinks one is poor because one cannot buy an ipod, Starbucks, or a new Hollister Jeans.
Johnson County, Kansas High School students are a common case of emschmovershed people. Schmoverty is frequent in all Olathe Schools and city corners (same location of the Starbucks's).
by Rebekah Rose November 04, 2008
5 Words related to Schmoverty

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