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Report says half of world's population lives on $5.50 per day

Posted at 8:10 AM, Oct 18, 2018
and last updated 2018-10-18 11:13:39-04

A new report by the World Bank is shining a light on poverty in the world. The report says that half of the world's population lives on $5.50 per day. 

A quarter of the world's population lives on less than $3.20 per day and 10 percent live on $1.90 per day. 

The World Bank says this is good news since the global population living in extreme poverty has fallen below 750 million since the World Bank began collecting information in 1990. 

However, the estimates have also received criticism from people like Jason Hickel, who is an anthropologist for the London School of Economics. He says there's often a large gap between national poverty lines and the international poverty line stipulated by the bank.