We think of poverty as a state of being without money. But is this too narrow a scope?

Can poverty be a psychological thing, affected more by feelings of uselessness, worthlessness and being undervalued and ignored by society? Is it possible that two people living on minimum wage can have a different stance on their situation? One being happy with their lot, the other desolate and desperate.

Ultimately, can we limit the affect and definition of poverty to this financial conception we hold, or is it merely a state of mind?