Friday, September 17, 2010

Global Poverty & Around the Corner

The Good News
§ The world is on track to meet the MDG target of halving the proportion of people living on less than $1 a day in 1990-2015.
§ The % of people living in extreme poverty dropped from 46% to 27%.
§ The # people living under $1.25 a day declined from 1.8 billion to 1.4 billion in 1990-2005.
§ The % of underweight children under five declined from 31% to 26% in 1980-2008.
§ The poverty rate in East Asia fell from nearly 60% to under 20% over 25 years.
§ Progress in many developing countries is being sustained.
§ Poverty rates are expected to fall to around 5% in China and 24% in India by 2015.

The Bad News
§ There were an estimated 830 million undernourished people in 2005-2007, 13 million more than in 1990-1992.
§ About 1 in 4 children under five is underweight in the developing world.
§ Southern Asia alone accounts for almost half the world’s undernourished children.
§ Children in rural areas are nearly twice as likely to be underweight as those in urban areas.
§ The poverty rate has declined only slightly in Sub-Saharan Africa from 58% to 51% in 1990-2005.
§ The World Bank estimates that the effects of the economic crisis will push an additional 64 million people into extreme poverty in 2010.
§ In 2015, roughly 920 million people would still be living under $1.25 a day.
§ Sub-Saharan Africa, Western Asia and parts of Eastern Europe and Central Asia are not expected to achieve the MDG poverty reduction target.

Around the Corner
§ About 44 million Americans – 1 in 7 - live below the poverty level of $22,000 for a family of four.
§ That is the largest number of people since the census began tracking poverty 51 years ago.
§ DC poverty rate is the highest in the nation at 17%.
§ Virginia's poverty rate rose the most to 10.5%.
§ Maryland's edged up half a percentage point to 9%.
§ The country has almost 4 million fewer wage-earners since 2007.
§ There are more children growing up poor.
§ The official poverty rate increased for all races and ethnicities except Asians. § Income in black households dropped 4.4% percent.
§ Income in white households dropped 1.6% percent.
§ Household income is down 5% percent to under $50,000 from its peak of above $52,000 in 1999.
§ The # of people without health coverage increased to more than 51 million.
§ The Gini Coefficient is rising since 1967.
§ If this trend continues, the US will reach a Gini Coefficient of 0.546 in 2043 - equal to Mexico's in 2000.
§ Unless the US breaks this trend, the American middle class will be a thing of the past.

The Better News
§ Median income did not go down for those who still had jobs.
§ Median income for men working full time rose 2% to $47,000.
§ Median income for women working full time rose 2% to $36,000.

§ The # of poor people 65 or older fell, largely as a result of increases in Social Security payments.
§ A greater-than-ever percentage of those who do have health insurance are getting it from the government.

Sources
UN MDGs data sheet on poverty
Washington Post reporting on US Census data on poverty
Blog SustainableMiddleClass.com

1 comment:

Alexandre said...

Interesting he US porverty line of 22000 USD per year, with that of other poor nations, of 440 USD!, There is poverty... and there is other poverty.

What is the poverty line for Europe?