The World Bank's New Poverty Estimates

Sanjay Reddy

Challenge, 2008, vol. 51, issue 6, 105-112

Abstract: The World Bank recently revised its poverty threshold upward by 25 percent. The new definition of being poor is now anyone who lives on the equivalent of what $1.25 a day buys in the United States, up from a mere dollar. But that adds some 400 million people to the poverty rolls in the world. Does the World Bank have it right now? In a word, no, says this author.

Date: 2008
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DOI: 10.2753/0577-5132510607

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