[Ed. note: Americans are about to join them.]
The last three decades have seen unprecedented progress when it comes to reducing extreme poverty around the world—but there’s still an awful lot more to do.
Roughly 721 million people were lifted out of extreme poverty — defined internationally as living on less than $1.25 a day — between 1981 and 2010, according to a new report by the World Bank released Thursday. The United Nations’ Millennium Development Goal of halving the share of people in extreme poverty between 1990 and 2015—an aim set at a summit in 2000—was reached in 2010, five years early.
But, as the World Bank points out, that still leaves roughly 1.2 billion people completely destitute, including about 400 million children. One of every three extremely poor people is a child under the age of 13. (To put all this in perspective, America’s own poverty line amounts to about $60 a day for a family of four — as the Economist noted in June. People around the world in “extreme poverty” tend to lack enough food to meet basic physical and mental needs.)