World Bank report says more live in poverty than previously thought
Share Now on:
The number of people living below the international poverty line has decreased by about a billion over the past 15 years, according to the World Bank’s annual report on global poverty. But the report concludes the threshold for measuring that — those who make less than $1.90 a day — is inadequate. The report introduces new thresholds: $3.20 for lower-income countries and $5.50 for countries considered middle income. The World Bank also says factors other than wages, like access to education and health care, should be taken into account.
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.