Global Poor Fell from 29% in 2001 to 15% in 2015

(p. A6) UNITED NATIONS — Poverty may be down worldwide, yet that does not mean that yesterday’s poor are today’s middle class. Data analyzed by the Pew Research Center concluded that more than half the world’s population remains “low-income,” while another 15 percent are still what a report issued by the center on Wednesday called “poor.”
The share of the global poor, defined as those who lived on $2 a day or less, fell from 29 percent in 2001. Most of the people in that category, though, took “only a moderate step up the income ladder,” the report concluded: 56 percent were “low-income,” in 2011, living on $2 to $10 a day.

For the full story, see:
SOMINI SENGUPTAJ. “Study Finds Low Incomes Constrain Half of World.” The New York Times (Thurs., JULY 9, 2015): A6.
(Note: the online version of the story has the date JULY 8, 2015.)

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