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dissipation /ˌdɪsəˈpeɪʃən/  

  • noun
    plural -tions
    formal
    [noncount] :the process of slowly disappearing or becoming less
    [noncount] :the act of using all or a lot of money, time, etc., in a foolish way
    a movie about the dissipation of a famous heir's fortune
    the dissipation of resources
    disapproving :behavior that shows you are interested only in pleasure, money, etc. [noncount]
    He lived a life of dissipation. [count]