Poverty is defined as a lack of sufficient material goods or income to meet one’s basic requirements. Poverty can be caused by a variety of social, economic, and political factors. In This article we will discuss global facts about poverty.
Global Facts about poverty
- 689 million people live in extreme poverty having daily incomes of less than $1.90.
- Two-thirds of the world needy are children and youth, while women make up the majority in most places.
- A quarter of the world’s population, 1.6 billion people, do not have access to electricity.
- India, Nigeria, the Democratic Republic of Congo, Ethiopia, and Bangladesh account for half of the world’s 736 million people living in extreme poverty.
- Malnutrition is the biggest cause of illness and mortality worldwide. Around the world, one out of every nine people is hungry or malnourished.
- Around 70% of persons in extreme poverty above the age of 15 have never attended school or have had only a basic education.
- Multidimensional poverty affects 1.3 billion individuals in 107 developing countries. This accounts for 22% of the global population.
- Sub-Saharan Africa and South Asia account for 84.3 percent of the multidimensional poor.
Poverty In The USA
As of 2019, 10.5 percent of the population, i.e., 34 million people in the USA lie in the category of poor people. The line of poverty in the America is $12,880 per year or about $35.28 per day.
Covid-19 Impact On Extreme Poverty
Global poverty was declining prior to COVID-19. The number of persons surviving in extreme poverty, defined as households paying less than $1.90 per person per day in 2011 PPP values, according to the estimates. This number has dropped from 1.9 billion in 1990 to 648 million in 2019, with 537 million expected by 2030. COVID-19, on the other hand, broke the pattern. As a result of long-term damage, we estimate that 588 million individuals will be suffering from extreme poverty by 2030. This is an increase of 50 million people over pre-COVID-19 forecasts.
Provision of well-paying jobs
The federal government should take some steps for job-creation methods. These methods include Upgrading infrastructure, developing renewable energy sources, restoring abandoned housing, and making other common-sense job-creating investments.
Paid sick leaves and casual leaves
Paid leave is a crucial anti-poverty strategy. In the USA, approximately four in ten private-sector workers and seven in ten low-income workers do not have a single paid sick leave. Eventually, this makes them impossible to take care of themselves or any other family member in case of emergency.
Increase daily wages
In addition to the above point, daily wages should be increased for the prosperity of poor people. Low daily wages ultimately lead to difficult living. Without any doubt, such issues are the leading factors in the rise of depression in society.
Empower countries to use commerce as a way to lift themselves out of poverty. Trade is undeniably vital for development and prosperity.
Empower people living in poverty
Empower impoverished people by incorporating their ideas into the establishment of policies and activities aimed at reducing and eliminating poverty. As a result of their participation, programs are more likely to reflect what they require.
Provision of technology and innovation
Technology and innovation, such as internet access and economical energy should be more accessible. This can provide more opportunities.
Poverty is not an individual’s issue. It is a global matter. It is our responsibility to help others. A large number of people are living under the poverty line. It can be seen clearly that this poverty is mostly affecting children and women. World forums and governments should take immediate steps to overcome this poverty. Otherwise, it will become a more terrifying issue for all of us.
In 2010, the Millennium Development Goal of halving the poverty rate by 2015 was achieved. That is five years ahead of schedule. According to the studies, more work is needed to meet the 2030 aim of eradicating global poverty. People as well as governments must work together to put these and other ideas into action to fight against poverty.