Fewer Poor, But Way Too Many Still Mired in Poverty

The world’s poorest 40% have made significant economic progress in recent years, according to a new report from UNDP and the Oxford Poverty and Human Development Initiative.
The report notes that 270 million people in 10 middle- and low-income countries moved out of “multidimensional poverty” in roughly the last decade—with South Asia leading the way, Oxford’s Sabina Alkire told The Guardian. Examples: 

  • 271 million people in India escaped poverty between 2006 and 2016.
  • 19 million in Bangladesh moved out of poverty from 2004 to 2014.

Still 1.3 billion people remain mired in poverty, according to the report.
UN Secretary General António Guterres criticized global progress on reducing extreme poverty this week, according to UN News. The world won’t achieve the SDG goal of reducing those living in extreme poverty to 3% of the global population by 2030. It will be closer to 6%, or 420 million people.

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