In 1820 the vast majority of people lived in extreme poverty and only a tiny elite enjoyed higher standards of living.
Economic growth over the last 200 years completely transformed our world and poverty fell continuously over the whole 2 last centuries. This is even more remarkable when we consider that the population increased 7-fold over the same time (which in itself is a consequence of increasing living standards and decreasing mortality – especially of infants and children – around the world). …
Even in 1981 more than 50% of the world population lived in absolute poverty – this is now down to about 20%. This is still a large number of people but the change is happening incredibly fast and for our present world the data tells us that poverty is now falling more quickly than ever before in world history. The first of the Millenium Development Goals set by the UN was to halve the population living in absolute poverty between 1990 and 2015. Rapid economic growth meant that this goal – arguably the most important – was achieved (5 years ahead of time) in 2010.
If you like that good news, click over to their home page for even more positive data. The world is improving in many ways.