More than a billion people around the world still exist in extreme poverty, which is defined by living on less than $1.25 a day. The good news is that number dropped by half from 1990 through 2010. And a new report says eliminating extreme poverty altogether is “within reach” by 2030.
The report was produced by the Brookings Institution, which says that a combination of increased shared consumption and improved global distribution of resources have dramatically reduced the poverty rate over the past 23 years, but that “both factors are needed simultaneously” to bring the total percentage of those living below the $1.25 rate to 3 percent or less.
The report gained prominence on Friday when Bill Gates tweeted about it in a message to his 13-million-plus followers:
What are the prospects of ending extreme poverty? This interactive chart shows how far we've come since 1990: http://t.co/yeOPEtPv2s— Bill Gates (@BillGates) October 18, 2013
“Over the past twenty years global povertyRead More »from Imagine: no extreme poverty. It's possible by 2030, says report.