Bruno Pedro's public notes
Found at Why Isn’t the Whole World Rich?—Asterisk on 2022-11-22 11:25:37.
In 2019 there were about 648 million people living in extreme poverty, subsisting on the equivalent of $2.15 per day or less. Those 648 million people made up 8.4% of world population — representing an improvement over 1990, when 35.9% of people lived on that little. Yet even though extreme poverty has fallen, in 2018 about 80% of the world population still had material living standards less than one-third of that in the United States.