How much—or, rather, how little—money do you think you’d need to buy and prepare enough food for yourself just to get by? With your budget, you’d need to be able to create a couple of simple meals each day that provide a total of 2,000-2,200 calories per day. This amount is, essentially, how governments determine what is referred to as an extreme or absolute poverty line.
You might be surprised at what the international poverty line is. It used to be $1.25, but new World Bank data puts the number at $1.90.
Global Citizen reports on the newly-released updated data on extreme poverty from the World Bank. Each time new data is gathered the World Bank updates the poverty line.
Kaushik Basu, the World Bank’s Chief Economist, explained how it works to Simon Moss from the Global Poverty Project. The World Bank looked at the cost of food and poverty lines in the world’s 15 poorest countries. The same foods cost different amounts in different areas. Add to that changes in costs of living and exchange rates, as well as variation in what food items can be purchased, and you arrive at $1.90.
You can read more about the new poverty line data from the Global Citizen article and what it really means.
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It’s sobering to think of how many people in the world are living at or below this established poverty line, which is why global goal one, No Poverty, is so important. Global Citizen helps you get informed, take action, and connect with others who want to do the same. Learn more and sign up to get updates and connect with others who want to end extreme poverty.
Image: Market in Burkina Faso, Wikimedia Commons- Marco Schmidt