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According to World Bank, the countries with the highest poverty rates in the world are:
According to the U.S. Census Bureau’s 2019 Current Population Report, 34 million Americans are considered impoverished – 10.5% of the country’s population. (The census supplemental poverty rate, which adjust for how government programs keep people out of poverty, was at 11.7% in 2019.)
10 Facts About Poverty in Russia Almost 145 million people live in Russia. In the early 2000s, income levels increased in Russia and drove down the poverty rate from 29 percent in 2000 to 10.7 percent in 2012. One of the greatest threats to the Russian economy has been decreasing oil prices.
The richest 10 percent of Russia’s population control three-fourths of wealth. This raises flags for a country with a rising poverty rate. With a dwindling middle class, Russia faces a problem on the horizon. Improving wealth distribution will take a creative solution.
Wealth inequality exists in both developing and developed countries; including the U.S. Russia is no exception. The richest 10 percent of Russia’s population control three-fourths of wealth. This raises flags for a country with a rising poverty rate.
As previously mentioned, poverty is the primary cause of hunger in Russia and, on May 7, 2018, a Decree of the President declared an initiative to halve poverty by 2024. Russia plans on achieving this goal through a stimulus plan worth $400 billion that builds new infrastructure and invests in research.