Useful intro to the topic….
After yesterday’s post on the extreme inequality of global wealth cited by a new study
the World Bank has now released a report (World Bank state of the poor) covering the other end of spectrum – the level of extreme poverty in the world. There are roughly 1.2 billion people completely destitute (living on less than $1.25 a day), one-third of which are 400 million children. One of every three extremely poor people is a child under the age of 13. This is ‘extreme poverty’, compared with America’s own poverty line at about $60 a day for a family of four. People in “extreme poverty” tend to lack enough food to meet basic physical and mental needs. So there are over one billion people, one-third of them children, who are virtually starving in the 21st century.
The World Bank says that the number of people living in…
View original post 626 more words