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Planet Money cover image

Summer School 8: Big ideas and life lessons from Marx, Keynes and Smith and more

Planet Money

NOTE

Poverty Decreases, Health Improves: A World Transforming

Global poverty has drastically decreased from over 60% to below 10% over the past fifty years, signifying significant economic growth and improvements in living standards worldwide. Child mortality rates have also declined remarkably, with the number of children dying before age five dropping from one in six to one in 22. This progress indicates better access to healthcare, education, and essential resources like clean water. Additionally, the rate of undernourishment and hunger has seen a two-thirds reduction, falling from over one-third in 1968 to approximately 12% today in developing countries, showcasing advancements in food security.

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