Mar 21, 2012
Make Poverty History
The number of people in the world living in absolute poverty has fallen by more than half since the 1950s. At the current rate of decline it will reach zero by around 2035.
Groceries today cost 13 times less than 150 years ago in inflation-adjusted dollars.
In short, the standard of living has improved: 95% of Americans now living below the poverty line have not only electricity and running water but also Internet access, a refrigerator and a television.
Source: The Wall Street Journal