Despite the increasing popularity of Axel Honneth's recognition theory across philosophy and the social sciences, there is almost no philosophical literature on the relation between recognition and poverty from this perspective. In this paper, I am concerned with three questions related to such a reflection. Firstly, I will examine whether and how the recognition approach can contribute to the understanding of poverty. This involves both conceptual and empirical questions and targets the ability of the recognition approach to propose a valid theory of the social world. Secondly, I am interested in figuring out whether and how the recognition approach can help to understand what is wrong about poverty. This means asking about the normative or ethical competence of the recognition approach in regard to poverty. Thirdly, the recognition approach claims to transcend theory and research, but also affect the social and political practice. Then the question arises as to whether and how it can help to design or implement poverty reduction or poverty alleviation practices and policies. In discussing these three matters, I aim to show that the recognition approach can in fact be a valuable and important contribution to poverty research and poverty politics.