The saying 穷人的孩子早当家 (qióngrén de háizi zǎo dāngjiā) means 'children of poor families grow up fast'. China's rapid economic development has lifted hundreds of millions out of poverty.
usage
Internet slang: 穷 is used humorously by young people to describe themselves, even if they're not actually poor. 我太穷了 is like saying 'I'm so broke'.