How can we help extremely poor people earn more money?

How much money do you think you’d need to cover the
essentials for one day? It is difficult to imagine how a family lives
on less than $1.25 a day, but one-fifth of the world’s population
does exactly that. How does your daily living cost compare?
It’s likely to be a lot more than $1.25! We conducted a study
in six different countries to find out if providing extremely poor
people with livelihoods (sources of income), training and food
support could enable them to escape extreme poverty. We
tested if such an intervention had made sustainable (longlasting) improvements in the lives of these people by collecting
results after the support had ended and comparing their results
to others who did not receive the intervention. We found that
on average households had indeed improved. This shows that
giving the poorest of the poor a way to make a living, as well
as the support to keep that going, is an effective way to reduce
extreme poverty.
Figure 1: Global Inequality
United Nations, Sustainable Development Knowledge Platform: A New Global Partnership,
Eradicate Poverty and Transform Economies through Sustainable Development.
Extremely poor people have very little money to spend, even on
essential things like food. 1.2 billion poor people consume only 1%
of the world’s resources, while the billion richest people consume
72% of everything (Figure 1).
We set out to test whether providing the poorest people in the
world with a way to make their own money, and lots of training to
do so, would help them escape extreme poverty. And, could this
improvement last? The program is called the ‘ultra-poor graduation
program,’ because it targets those in ultra-poverty, and hopes to
help them leave poverty behind.
The United Nations hopes to end extreme poverty forever by the
year 2030. This is going to take a lot of work and there won’t
be just one solution. We believe this method could be one of the
approaches used to make lasting change for the poorest of the
poor all across the world, until better approaches are found.

Researchers from Yale conducting a study in six different countries, providing extremely poor people with livelihoods and food support and examining both quantitative and qualitative data to see if these measures could enable them to escape extreme poverty 

Leave a Reply

Your email address will not be published. Required fields are marked *