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Extreme poverty

Extreme poverty is the severe lack of material possessions or money. In 2005 the World Bank defined extreme poverty as living on less than US$1.25 a day. This meant living on the equivalent of US$1.25 a day, in the US, buying US goods. In 2011, this means surviving on the equivalent to US$1.50, A$2 or £1 per day.

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