Nearly half the world lives on less than $5.50 a day – World Bank | WHAT REALLY HAPPENED


Nearly half the world lives on less than $5.50 a day – World Bank

Despite progress in reducing extreme poverty, the number of poor worldwide is still “unacceptably high,” according to a World Bank report, which showed that billions of people still struggle to meet basic needs.

The report found that nearly half the world’s population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies.

The total number of people in poverty declined by more than 68 million between 2013 and 2015, World Bank said, explaining the number as “roughly equivalent to the population of Thailand or the United Kingdom.”

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