Standard measures of poverty and inequality are calculated at the household level—assuming resources are pooled and shared equally among its members. The World Bank Group’s new global poverty estimates, for example, are based on consumption per person—the average consumed by individuals within the household.
If consumption per person falls below the new global poverty line of $1.90 per day, everyone in the household is considered “poor.” If consumption is above the poverty line, no one in the household is considered “poor.” This measure is also used to monitor progress toward the first target of the newly agreed Sustainable Development Goals, to end extreme poverty by 2030.
↧
Data gaps: The poor typical household surveys miss
↧