One and a half billion people live on less than $1.25 per day - World Socialist Web Site
▻http://www.wsws.org/en/articles/2015/04/17/pove-a17.html
One and a half billion people live on less than $1.25 per day
By Zaida Green
17 April 2015
A new study by the UK’s Overseas Development Institute (ODI) reports that the number of people globally living on less than $1.25 per day is likely to be far higher than the already staggering 1.2 billion estimated by the World Bank.
“There could be as many as a quarter more people living on less than $1.25 a day than current estimates suggest, because they have been missed out of surveys,” the report notes, suggesting that the total number of people living in extreme poverty could be undercounted by as much as 350 million.
If, as the report claims, global poverty figures are “understated by as much as a quarter,” then more than 2.5 billion people, or over a third of the world’s population, survive on less than $2 per day.