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Study Reveals $318 Billion Annual Cost to End Extreme Global Poverty
Study Reveals $318 Billion Annual Cost to End Extreme Global Poverty
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BTCCSquare news:
Eliminating extreme poverty worldwide WOULD require $318 billion annually—just 0.3% of global GDP—according to a study by researchers from Stanford, UC Berkeley, and UC San Diego. The targeted cash-transfer approach analyzed would lift individuals above the $2.15/day threshold at 19% of the cost of universal basic income.
Wealthy nations could absorb this expenditure with minimal fiscal strain, the paper argues. For context, the sum falls below annual global spending on alcoholic beverages. The findings spotlight poverty alleviation as an achievable goal rather than a utopian ideal.
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