Posts Tagged ‘ultrapoor’

50% Fewer Live in Extreme Poverty…and….

Five years before the 2015 deadline, the world has achieved one of the Millennium Development Goals to reduce extreme poverty by half.

Check out the New York Times article on March 6, 2012:

Dire Poverty Falls Despite Global Slump

Definitely this is a huge achievement to be celebrated!!  And a word of caution comes from the Trickle Up President Bill Abrams. One caveat is how we understand and define poverty. The gross numbers for poverty have fallen, but the numbers of the ultra-poor (living on $1.25/day or less) haven’t improved all that much.

Why would that be? Continue reading