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.
You may also like
About the author
Information to enrich your life.
WELCOME TO RICHTOPIA
- 2,552,812 all-time users
- Business Journalists Top 250: From Henry Blodget to James Altucher, These Are the Most Influential Biz Journalists in the World
- 11 Amazing Examples of Disruptive Technology
- British Entrepreneurs Top 100: From Richard Branson to J.K. Rowling, These Are the Most Influential Entrepreneurs in the UK
- 17 Great Examples of Effective Leadership and Strategy
- PR Agencies Top 200: From Edelman to Porter Novelli, These Are the Most Influential Communications Firms in the World
- Economists Top 100: From Joseph Stiglitz to Michael Porter, These Are the Most Influential Economists in the World
- What Is Social Marketing? And How Does It Work?
- Analytical Thinking: 8 Natural Talents Leading to Action
- 7 Wealth Habits of the World’s Richest People