During the month of October we like dressing up and pretending to be scary witches, goblins, and ghosts, but let’s talk about what’s truly scares millions of families year-round… POVERTY.
Global extreme poverty is expected to rise in 2020 for the first time in over 20 years as the disruption of the COVID-19 pandemic compounds the forces of conflict and climate change, which were already slowing poverty reduction progress.
According to the most recent estimates:
- More than 3 billion people throughout the world live on less than $2.50 a day.
- An additional 88 million to 115 million people will be pushed into extreme poverty during 2020 due to the effects of the COVID-19 Pandemic.
- More than half of the extreme poor live in Sub-Saharan Africa, with an estimated 413 million people living on less than $1.90 USD a day.
- Over the last decade, extreme poverty in Latin America has risen to over 61 million people living in extreme poverty.
- Poverty in East Asia and the Pacific has decreased over the last decade, yet there are still 47 million living in extreme poverty in these regions.
- The majority of the global poor live in rural areas are poorly educated, employed in the agricultural sector, and under 18 years of age.
The work to end extreme poverty is far from over, and while many challenges arise, WE ARE NOT SCARED!
In fact, we are more passionate than ever. We are focusing more than ever on our MENTORING, business, and vocational training programs to help make sure that the individuals and families we are serving are making positive changes for the future, and CHANGE for GENERATIONS to come.
Source: World Bank