NO POVERTY

End poverty in all its forms everywhere

 No poverty is the first goal out of the 17 Sustainable development goals as agreed upon in the year 2015. Goal number one- ‘End poverty in all its forms everywhere’ under this goal by 2030 we need to eradicate extreme poverty for all people everywhere in the world. Currently, people living on $1.25/day are called to be in extreme poverty.

Currently, 1 in 5 people – that’s 767 million people globally – living in developing countries live on less than $1.90 per day. The worst affected people live in sub-Saharan Africa and Southern Asia. Extreme poverty is strongly linked to countries and regions affected by military and financial instability.

Younger populations are also more vulnerable to experiencing poverty due to lower incomes and unemployment; a situation that has become more pronounced by the global recession brought about by the pandemic.

Extreme poverty is not just about a lack of sufficient income; it also has many flow-on effects, which include hunger and malnutrition, fuel poverty, reduced access to education, social isolation and discrimination, exclusion from basic health and social protection services and decision-making processes.  Poor people are also more vulnerable to the impacts of natural disasters.

Goal 1 states that “Economic growth must be inclusive to provide sustainable jobs and promote equality”. By 2030, the world aims to reduce global poverty by half, eradicate extreme poverty (people living on less than $1.25 per day), ensure that all people have access to basic services and create policy frameworks at all levels of government to support the investment in actions that eradicate poverty.

Significant work has already been achieved: since 1990, extreme poverty rates across the world have been cut in half.

  • The fact that global poverty is decreasing is of little comfort, as there is a slowing in the reduction of extreme poverty.
  • In 2015, nearly 10% of the population lived in poverty. Even with declining poverty rates, it is estimated that nearly 6% of the world's population will be impoverished in 2030.
  • Poverty persists as a result of acute deprivation, exclusionary processes exacerbated by natural disasters.
  • Social protection systems help by alleviating distress and creating conditions for people to escape poverty, but they frequently do not reach all intended people or are insufficient to meet the goals.
  • Even having a job, for example, could not help 8 percent of the world's workers escape extreme poverty in 2018.
  • Only 22% of unemployed people receive unemployment benefits, 28% of severely disabled people receive disability benefits, and only 41% of new mothers receive maternity benefits.
  • Natural disasters, on the other hand, are causing deaths and economic losses in many countries, frequently reversing poverty escapes by vulnerable groups.

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