#poverty-reduction

#poverty-reduction

A quarter of countries in the developing world are poorer than they were in 2019 before the Covid pandemic, the World Bank has found. The Washington-based organisation said a large group of low-income countries, many in sub-Saharan Africa, had suffered a negative shock in the six years to the end of last year. The bank said global growth had downshifted since the pandemic, and the pace was now insufficient to reduce extreme poverty and create jobs where they're needed most.

Fresno has long struggled with deep-rooted poverty. In 2005, a report by the nonprofit think-tank Brookings Institution broke this out in the open, revealing that Fresno had the highest concentration of poverty of any U.S. city. The study showed that a significant number of Fresno's census tracts had at least 40 percent of residents living at or below the poverty line.

Ideas cited by the Brookings Institution from the Progressive Policy Institute, the American Enterprise Institute (AEI) and the Cato Institute all recommend shifting the program away from its current wage-replacement structure toward a flat benefit aimed primarily at preventing poverty in old age. Supporters say a flat benefit would guarantee a basic income floor. Critics warn it would weaken a program that most Americans view as earned insurance and could expose middle-income retirees and homeowners to greater financial risk.

A cross-party commission including former welfare ministers is urging the government to scrap the two-child benefit limit as part of an ambitious once in a generation plan to lift millions of people out of poverty. The Poverty Strategy Commission said billions of pounds of investment including a boost to the rate of universal credit was needed to reverse record levels of poverty in the UK, and tackle longstanding failures over rising hardship and destitution.

Gloria Palacios, 84, operates a small shop in a poor neighborhood, relying on a government transfer of 6,200 pesos for survival, emphasizing the positive impact of social welfare.

A boost to Sure Start-type investment in local children’s services is expected in next week’s spending review, although a comprehensive child poverty plan has been postponed.