Reduced circumstances
Definition 1 of 1
Pro Tip 1/3Social Sensitivity
Use carefully to avoid offending someone who has faced financial loss or hardship. 
She wouldn't want to discuss her reduced circumstances at the reunion.
Pro Tip 2/3Euphemistic Phrase
'Reduced circumstances' is a polite way to say someone has less money now, often used in delicate situations. 
The family, now in reduced circumstances, quietly sold their estate.
Pro Tip 3/3Contextual Clues
The phrase is often found in biographies, news about fallen businesses, or discussions of historical figures. 
The famous novelist spent his later years in reduced circumstances.