Progress on Global Poverty

In the fight to eliminate global poverty, a statistic often quoted is the World Bank’s claim that the poverty rate is below 10%. True, but only when measured against a global poverty line of $2.15 per day. $2.15 is about the same as American’s spend per day on their dogs and cats.

Progress is still positive if you pick a more realistic poverty line, but at $3.65 there are nearly 2 billion poor people in the world, and $6.35 counts nearly half of all people on the planet as poor.

https://blogs.worldbank.org/opendata/poverty-back-pre-covid-levels-globally-not-low-income-countries

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