For the past 25 years the global poverty rate has lowered, in fact is the lowest it has been recorded in history. However, the pace of reduction is slowing, making it difficult to meet the goal of completely eradicating it by 2030.
About half of the world’s countries presently have a poverty rate below 3%, but the world as a whole is not on track. Rates remain high in low-income countries and those affected by conflict and political upheaval, such as countries in the Sub-Saharan Africa, according to information by the World Bank, a international financial institution that provides loans to countries of the world for capital projects.
Even though economic advances around the world mean fewer people live in extreme poverty, almost half the world’s population, 3.4 billion people, still struggles to meet basic needs. This is a result of people living on less than $3.20 per day in lower-middle-income countries, while $5.50 a day reflects standards in upper-middle-income countries, revealed the World Bank biennial Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle, released on October 17, the International End Poverty Day.
The report also goes beyond monetary measures of poverty to understand how access to social determinants, such as adequate water and sanitation, education, or electricity affect a family or individuals well-being. And since the burdens of poverty often fall most heavily on women and children, the report analyzes how poverty can vary within a household.
“If we are going to end poverty by 2030, we need much more investment, particularly in building human capital, to help promote the inclusive growth it will take to reach the remaining poor. For their sake, we cannot fail”, expressed Jim Yong Kim, President of World Bank Group.
Poverty, access to basic needs such as clean water, sanitary facilities, electricity, education, among other factors, are social determinants that can affect the health of a person. By recognizing the impact of social determinants, we can have a clear understanding of a population's health, what factors negatively impact them and be able to address those social needs effectively. With theSociants.com platform we are able to pinpoint social determinants that negatively impact people and match them with organizations that can give them the help they need. As a result, this will improve people's health and well-being, and would help in eradicating poverty by 2030.
Ways you can help end poverty
1. Support poor people and countries through volunteering and aid.
2. Demand your government to develop poverty reduction plans.
3. Help give access to clean water, health, education, housing and security.