Percentage Population Living On Less Than 1 Dollar Day
Introduction
Living in poverty is a reality for millions of people around the world. According to the World Bank, a person is considered to be living in extreme poverty if they live on less than $1.90 per day. In this article, we will explore the percentage of the population that lives on less than $1 per day.
Global Poverty
Global poverty has been a concern for many years now. In 2015, the United Nations adopted the Sustainable Development Goals, which aimed to end extreme poverty, among other things, by 2030. However, the COVID-19 pandemic has made things worse, with millions of people losing their jobs and struggling to make ends meet.
The Percentage of Population Living on Less Than $1 Per Day
According to the World Bank, in 2015, approximately 10% of the global population lived on less than $1.90 per day. This means that around 736 million people were living in extreme poverty. However, the percentage of the population living on less than $1 per day is even higher.
In 2018, the World Bank estimated that around 9.2% of the global population lived on less than $1 per day. This means that around 689 million people were living in extreme poverty. The majority of these people live in sub-Saharan Africa, followed by South Asia.
Factors Contributing to Extreme Poverty
There are many factors that contribute to extreme poverty. Some of these include:
- Lack of education and skills
- Unemployment and underemployment
- Limited access to healthcare and clean water
- Political instability and conflict
- Natural disasters and climate change
These factors can create a cycle of poverty that is difficult to break out of. For example, a lack of education can make it difficult to find a job, which can lead to a lack of income, which can make it difficult to afford healthcare, leading to poor health and further economic struggles.
The Impact of Extreme Poverty
Extreme poverty can have a devastating impact on individuals, families, and communities. Some of the impacts of extreme poverty include:
- Hunger and malnutrition
- Poor health and disease
- Limited access to education
- Increased risk of violence and exploitation
- Reduced economic growth and development
These impacts can create a cycle of poverty that is difficult to break out of. For example, poor health can make it difficult to work and earn a living, leading to further economic struggles and a lack of access to healthcare.
Efforts to Combat Extreme Poverty
Efforts to combat extreme poverty have been ongoing for many years. Some of the initiatives aimed at reducing extreme poverty include:
- The United Nations Sustainable Development Goals
- The World Bank's Poverty Reduction Strategy
- The International Monetary Fund's Poverty Reduction and Growth Trust
- The Global Partnership for Education
- The World Health Organization's Universal Health Coverage
These initiatives aim to address the root causes of extreme poverty by providing education, healthcare, and economic opportunities to those in need.
Conclusion
Living in extreme poverty is a reality for millions of people around the world. While efforts to combat extreme poverty have been ongoing for many years, there is still much work to be done. By addressing the root causes of extreme poverty and providing education, healthcare, and economic opportunities to those in need, we can work towards a world where no one has to live on less than $1 per day.