what is global poverty scenario
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Global poverty :-
- Global poverty is defined as the number of people worldwide who live on less than $1.90 a day.
- A person surviving on less than $1.90 a day lives in extreme poverty, as defined by the World Bank.
- The global share of people in extreme poverty – those living on less than $1.90 a day – has decreased consistently since 1990, when it included over 35% of the world population, to less than 10% in 2015. ... In 2015, over one-fifth of the global population lived below $3.20 and almost a half lived below $5.50 a day.
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☜☆An international monetary threshold under which an individual is considered to be living in poverty is; if an individual's earnings are less than one dollar/ day. It is calculated by taking the poverty threshold from each country.☆☞
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