More poverty than we thought...
The Economist relates a World Bank study that claims that $1.00/day is not a good benchmark for extreme poverty. After extensive research on cost of living in various countries, they've reset the mark at $1.25/day.
By this new standard, the number of people in the world who suffer Extreme Poverty is 1,400,000,000. That's 1.4 billion people - 400,000,000 more than previously estimated.
So, the number of people in the world who are extremely poor is four times bigger than the entire population of America.
Just thought you all should know.
By this new standard, the number of people in the world who suffer Extreme Poverty is 1,400,000,000. That's 1.4 billion people - 400,000,000 more than previously estimated.
So, the number of people in the world who are extremely poor is four times bigger than the entire population of America.
Just thought you all should know.
Labels: Poverty
posted by James at 18:18
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3 Comments:
Yeah, I think I remember an article about that from a few weeks back. It's crazy that so much of the world is so damn poor.
I wish I could remember, but there was a website that would calculate your personal wealth and put you in a percentile range averaged against the rest of the world. I make 65k a year and I'm in the 98.3% range. In the world. That's rediculous! Amazing how so many people make so little.
I saw a news piece on CNN Financial about Hyper Inflation in in certain African countries. Zimbabwe, about a few months back, has started printing billion dollar bank notes. I can't even wrap my head around inflation that high. One US dollar is equal to like 800 million Zibabwe dollars. It's crazy...
Augh!!! Unbelievable!
Hey James...
Bethany with the deep south roadies here. We've been dropping your name around the south...talking with people about IC, and the people who worked so hard to get it started and are now doing awesome amazing things...and were/are wondering how Uganda has been.
I hope your sister loves it. I hope you feel like you're back home...and you are soaking up the red dirt, sweaty matatu ride moments.
Let us know how things are when you get back...
peace and love from the road....
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