08 Mar '12, 6pm

Closer Look: Deep Poverty in Retreat, Even Through the Great Recession

The World Bank came out with new numbers on global poverty last week –- and they were full of good news: The proportion of people living on a less than $1.25 a day has halved since 1990. And every global region has seen poverty decline. Extreme poverty in sub-Saharan Africa fell from 55.7 percent of the population in 2002 to 47.5 percent in 2008. Even the carefully constructed global poverty numbers of the World Bank need to be taken with a mid-size sea’s worth of salt, of course. Experts in the field argue the numbers for China and India might be too high . Others argue the overall number may be too low . And everyone agrees that $1.25 is at best a measure of absolute poverty. People who live on $1.26 or $1.27 a day still face painful daily tradeoffs when it comes to spending their meager resources on food, shelter, health or education for their kids. The U.S. poverty lin...

Full article: http://dotearth.blogs.nytimes.com/2012/03/08/closer-look-...

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