Over the weekend the Global Citizens Network, a nonprofit international effort focused on ending extreme poverty around the world held its annual concert in New York. The good news is that these and other efforts are beginning to yield results.
A new report by the World Data Lab showed that for the first time since agriculture-based civilization began 10,000 years ago, most of humanity is no longer poor or vulnerable to falling into poverty. The report stated, “September 2018 marked a global tipping point. After this, for the first time ever, the poor and vulnerable will no longer be a majority in the world. Barring some unfortunate global economic setback, this marks the start of a new era of a middle-class majority.”
Analysts said they based this assessment on a classification of households around the world determined to be in extreme poverty during 2011—those who spent below $1.90 per person per day, versus those households around the world identified as middle class—those who spent between $11-110 per day per person.