Nearly half the world lives on less than $5.50 a day: World Bank

In a twice-yearly report the World Bank found the number of poor worldwide was still "unacceptably high"
In a twice-yearly report the World Bank found the number of poor worldwide was still "unacceptably high"

Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday.

In a twice-yearly report, the bank took a broader look at poverty to see where countries were lagging, even though the share of those living in —defined as earning less than $1.90 a day—has continued to come down in recent years.

Under the expanded criteria for poverty, the report found the number of poor worldwide was still "unacceptably high," while the fruits of were "shared unevenly across regions and countries."

Even though global growth of recent years had been sluggish, the total count of people in poverty declined by more than 68 million people between 2013 and 2015—"a number roughly equivalent to the population of Thailand or the United Kingdom."

Despite the improvement, the report said current trends indicated the World Bank's goal of reducing extreme poverty to less than three percent of the world's population by 2030 may be unattainable.

"Particularly distressing findings are that extreme poverty is becoming entrenched in a handful of countries and that the pace of will soon decelerate significantly," the report said.

At the $5.50-a-day threshold, global poverty fell to 46 percent from 67 percent between 1990 and 2015. The bank reported last month that extreme poverty had fallen to 10 percent in 2015.

With China's rise, East Asia and the Pacific saw a 60 point drop in the to 35 percent, but the region is unlikely to continue to achieve that pace going forward as growth has moderated.

And is becoming entrenched in Sub-Saharan Africa, where 84.5 percent of the population still live on less than $5.50 a day, the report said.

And while two decades ago, 60 percent of the global population lived in low-income countries, by 2015, that had fallen to nine percent.

The World Bank also cautioned that in many of those countries, the poor were not sharing equally in economic growth.

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© 2018 AFP

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Oct 17, 2018
The dollar value means nothing unless it is PPP - purchasing power parity

Oct 17, 2018
"Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day"

-Nearly half the worlds population continues to overpopulate. Overgrowth has been the source of all humanity's problems ever since protohumans began to hunt the predators that were keeping their numbers in check.

The inevitable result was a world full of religion-fueled tribes, all desperate to outgrow and overrun their neighbors.

Luckily, they're not in charge. A Tribe of Leaders emerged, tasked with the containment and ultimate defeat of their perpetual enemy - the rest of humanity.

"13To Gabriel also the Lord said, Go to the biters, (13) to the reprobates, to the children of fornication; and destroy the children of fornication, the offspring of the Watchers, from among men; bring them forth, and excite them one against another. Let them perish by mutual slaughter; for length of days shall not be theirs." Book of Enoch

-The obvious Solution.

Oct 17, 2018
The people have always been the true enemies of their rulers. As their numbers swell and their children begin to starve, the people will always blame the people in charge for their misery no matter how benevolent or well-meaning those rulers might be.

But as luck would have it, early rulers began to discuss their mutual problems, and a solution emerged... why not stage conflict rather than let it happen by itself? Why not plan and control war so that a mutually beneficial outcome could be produced? Why not see the people for what they are and accept the FACT that they needed to be managed exactly like the flocks in the field?

These Leaders, through their common interests, developed a strong bond. Their families intermarried. And a Tribe of Leaders, dedicated to saving the earth from the people who inhabited it.

Oct 17, 2018
"There was a time when the countless tribes of men, though wide-dispersed, oppressed the surface of the deep-bosomed Earth, and Zeus saw it and had pity and in his wise heart resolved to relieve the all-nurturing Earth of men by causing the great struggle of the Ilian war, that the load of death might empty the world. And so the heroes were slain in Troy, and the plan of Zeus came to pass."

-Delphi engineered the conflicts among the greek city-states. Aristotle taught both Alexander and the persians how to stage war and conquer the known world, and Rome continued the tradition. The great euro dynasties were all related by blood through charlemagne. The young ghengis Khan, like alexander, did not have the knowledge or experience to conquer a continent... he was taught.

The precolumbian empires fell within decades because they were specifically designed to fall. The French revolution and napoleon were staged to prepare europe for the industrial revolution.

Oct 17, 2018
World without end amen, amen.

Oct 17, 2018
Vote the frigging Democrats back in and we too, will be living on $5.50 a day!

Oct 17, 2018
When other countries adopt a free market capitalist economic system along with a constitution that allows them to govern their own lives and limits The States authority over them, they will prosper as well. It's about liberty.

Oct 17, 2018
This article pointedly neglects to mention the fact that most of the people living in abject poverty are in Islamic countries.

Oct 17, 2018
Doesn't it make you wonder why the UN solution is more taxes!!!!!!!!!!

Oct 17, 2018
If nearly half the world can make it on less than $5.50/day, why do entitled American millennials need $15/hr?

Oct 17, 2018
I never understand why people, who can't afford to feed the kids they have, keep having more kids. Even in developed countries, they relay on government handouts so they just don't care, they keep having kids because the gov will pay for them. Their irresponsibility is destroying the world.

Oct 17, 2018
These people that live on less than $5.50 a day are actually a gift to you by God. If minds thought, you would know this. Think of this? What if you could bring one or a few of these people to the United States to work for you in your own home? For instance, they could be your maid, your lawn care person etc... You could feed them, clothe them, provide a decent place to live in your own home, and provide them medical care. Do you know what you would be called? You would be called a Slave Owner, or worse, if you failed to pay them minimum wage.
What would happen if you did this today? First you would be charged with a crime for trafficking humans, next the people you brought over would charge you with a crime. Welfare next. Then they would be bringing over every person they know to the US. Next thing you know, many of them will be burning the US Flag in the streets.
Maybe someone could give me the answer to these problems.

Oct 17, 2018
This thread makes it poignantly obvious that privilege blinds.

Oct 17, 2018
It is relative. The cost of many things is much lower in underdeveloped countries. It is why many US retirees go to Costa Rica and other retirement havens. $5.50 can buy a lot more in Mexico or Guatemala than it can here. Now, that is not to challenge the reality of poverty, but to put it in perspective. The answer to poverty is economic freedom and political stability.

Oct 17, 2018
Give up your guns, and you too, will be able to survive on less than $5.50 a day.

Oct 17, 2018
This article pointedly neglects to mention the fact that most of the people living in abject poverty are in Islamic countries
And the explanation is, that they live in the thrall of an abrahamic religion that has prevailed by forcing women to do nothing else but make babies until it kills them. This is how they have survived and thrived. Religionist countries all have the highest birthrates and the lowest per capita incomes.

The people know that god will provide for however many babies they can grace him with. But if he doesnt (and he never does), they know they can take whatever they need from heathens, infidels and goyim with his blessing.

Note that similar conditions prevail in hindu, Buddhist, sikh, and any other religion-dominated culture you wish to mention.

Wheres your privilege for women in Islamabad phyllis?

Oct 17, 2018
Without poverty, the World Bank would cease to exist, as there would be no need for them. So, it's in their interest to propagate poverty, which they excel at, while pretending to care.

How much should people live on? $8.00 per day? $1.80 per day?

Your uninformed moralizing is unwelcome.

Oct 17, 2018
Wheres your privilege for women in Islamabad phyllis?

I was speaking to the privilege of those that are not in poverty or repressed.

Oct 18, 2018
If you vote for democrats they will make sure you live on less than $5 per day! Democrats are Evil Bastards!

Oct 18, 2018
I was speaking to the privilege of those that are not in poverty or repressed
?? Why is it a bad thing when people are not in poverty or oppressed? Why is having a good life something to be ashamed of?

Why isnt your focus on the reasons WHY some people end up impoverished and oppressed, rather than blaming people who arent?

The PROBLEM is the human tropical reproductive rate, and the caustic cultures that have exploited it to survive and thrive. Your political correctness doesnt help the impoverished and the oppressed. It ensures that their misery will continue because it fails to address the PROBLEM... too many babies, not enough resources.

Oct 18, 2018
Here are some lists for your perusal

Note the flow of refugees are from the countries above the 2.1 replacement rate, to the countries below it. This is the same for conflicts, starvation, poverty, human trafficking, etc.

Oct 18, 2018
Progressives will claim that these effects are actually the cause, and want to treat them instead of addressing the cause.

Institutions like the catholic church actually prefer it that way. As Hitchens liked to point out, mother teresa didnt love the poor; she loved poverty. She spent the bulk of her time traveling around raising money for the church while the people in her clinics had substandard treatment, abominable conditions, and no pain medication as she felt that suffering glorified god.

And of course she too wouldn't address the cause of poverty and preached against contraception and the emancipation of women.

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