poorhouse

[poor-hous]
noun, plural poorhouses [poor-hou-ziz] .
(formerly) an institution in which paupers were maintained at public expense.

Origin:
1735–45; poor + house

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World English Dictionary
poorhouse (ˈpʊəˌhaʊs, ˈpɔː-)
 
n
(formerly) a publicly maintained institution offering accommodation to the poor

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
To live frugal and simple does not necessarily mean to live in poorhouse or
  inconvenience.
Now it turns out that in that one moment, he steered his bank from powerhouse
  to poorhouse.
Having a super big rocket does not make you advanced if it sends you into the
  poorhouse.
Injustice had only to ring their doorbell, and they were off to the poorhouse.
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