{"id":1456,"date":"2018-10-18T05:55:00","date_gmt":"2018-10-18T05:55:00","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=1456"},"modified":"2025-09-29T01:05:04","modified_gmt":"2025-09-29T01:05:04","slug":"word-bank-half-the-world-lives-on-less-than-550-a-day","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=1456","title":{"rendered":"World Bank: “Half the world lives on less than $5.50 a day.”"},"content":{"rendered":"\n

FULL DISCLOSURE:<\/strong><\/span> I lived in a country (Jamaica) with extreme poverty and have visited the poorest country (Haiti) in the Western Hemisphere.<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n


<\/em><\/p>\n\n\n\n

It’s worth hitting this link for the rest of the short article.<\/p>\n\n\n\n

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 extreme poverty\u2014defined as earning less than $1.90 a day\u2014has 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 economic growth 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\u2014”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. <\/a><\/p>\n\n\n\n

Here’s some information on the Haiti economy –<\/p>\n\n\n\n

The Gross Domestic Product per capita in Haiti was last recorded at 728.92 US dollars in 2017. The GDP per Capita in Haiti is equivalent to 6 percent of the world’s average. <\/a><\/p>\n\n\n\n

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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 extreme poverty<\/a>\u2014defined as earning less than $1.90 a day\u2014has continued to come down in recent years.<\/p>\n

Under the expanded criteria for poverty, the report found the number of poor worldwide was still “unacceptably high,” while the fruits of economic growth<\/a> were “shared unevenly across regions and countries.”<\/p>\n

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\u2014”a number roughly equivalent to the population of Thailand or the United Kingdom.”<\/p>\n

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.<\/p>\n

Read more at: https:\/\/phys.org\/news\/2018-10-world-day-bank.html#jCp<\/a><\/p><\/div>\n\n\n\n

\n

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 extreme poverty<\/a>\u2014defined as earning less than $1.90 a day\u2014has continued to come down in recent years.<\/p>\n

Under the expanded criteria for poverty, the report found the number of poor worldwide was still “unacceptably high,” while the fruits of economic growth<\/a> were “shared unevenly across regions and countries.”<\/p>\n

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\u2014”a number roughly equivalent to the population of Thailand or the United Kingdom.”<\/p>\n

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.<\/p>\n

Read more at: https:\/\/phys.org\/news\/2018-10-world-day-bank.html#jCp<\/a><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FULL DISCLOSURE: I lived in a country (Jamaica) with extreme poverty and have visited the poorest country (Haiti) in the Western Hemisphere. It’s worth hitting this link for the rest of the short article. Despite progress in reducing extreme poverty, nearly half the world’s population lives on less than $5.50 a day, with a rising […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1456","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/1456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1456"}],"version-history":[{"count":2,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/1456\/revisions"}],"predecessor-version":[{"id":12215,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/1456\/revisions\/12215"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}