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The paper provides estimates of global relative poverty trends from 1970 onwards. Relative poverty is shown to have decreased significantly, but at the same time there has been a worsening poverty outcome among up to one billion of the world's poorest citizens. The paper also proposes a straightforward method for dividing an income distribution into classes of poor, rich, and middle-class.
Business & Economics --- Economic History --- Poverty. --- Income distribution. --- Distribution of income --- Income inequality --- Inequality of income --- Destitution --- Distribution (Economic theory) --- Disposable income --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Macroeconomics --- Demography --- Poverty and Homelessness --- Economic Development: Human Resources --- Human Development --- Income Distribution --- Migration --- Personal Income, Wealth, and Their Distributions --- Welfare, Well-Being, and Poverty: General --- Aggregate Factor Income Distribution --- Demographic Economics: General --- Poverty & precarity --- Population & demography --- Personal income --- Poverty --- Income distribution --- Population and demographics --- National accounts --- Income --- Population --- United States
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