How Many People Live in Poverty?

According to the World Bank, “in 2011, 17 percent of people in the developing world lived at or below $1.25 a day.” However, there is speculation about whether or not these numbers are valid. Measuring household income can be a reasonable approach when determining how many people live in poverty. But there are also other factors to consider when calculating the number of inadequate living conditions.

The Oxford Poverty and Human Development Initiative has released The Global Multidimensional Poverty Index of 2014. This new way to measure poverty focuses on individuals in poverty rather than families. It also narrows its search to different countries and regions across the globe. The importance of this poverty measurement strategy is to understand which regions really need the most help.

While this new way to measure poverty is more effective, other organizations are recognizing important factors that are being missed. The International Women’s Development Agency has introduced the Individual Deprivation Measure, or IDM. While calculations are being made on individual income, the IDM focuses on what people are deprived of. Whether it is equality or education, the IDM stresses the importance of recognizing aspects that have placed people in poverty.

The Overseas Development Institute has released “The Data Revolution: Finding the Missing Millions,” a report that also focuses on what is still unknown in the developing world. According to The Guardian, “The report also says that, globally, we do not accurately know how many people live in cities.” Without this knowledge, proper resources are not equally being distributed.

It is difficult to measure how educated a country is and what its citizens need to survive. However, as technology advances and as more people join the fight to end global poverty, these new procedures can help end this global issue.

– Kimberly Quitzon

Sources: The Guardian, OPHI, The World Bank
Photo: Independent UK