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Has extreme poverty really plunged since the 1980s? New analysis suggests not

  • Written by: Jason Hickel, Professor at the Institute for Environmental Science and Technology, Autonomous University of Barcelona
Has extreme poverty really plunged since the 1980s? New analysis suggests notoceanfishing/Shutterstock

Data from the World Bank suggests that extreme poverty has declined dramatically over the past four decades, from 47% of the world’s population in 1981 to around 10% today.

This narrative is based on the World Bank’s method of calculating the share of people who live on less than US$3 per day in 2021 prices....

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