how much money is considered poor
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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1. Global Poverty Line (World Bank)
Extreme poverty: Earning less than $2.15/day (2022 PPP). This is the threshold for surviving on basics like food and shelter.
Lower-middle-income poverty: $3.65/day.
Upper-middle-income poverty: $6.85/day.
2. National Poverty Lines
Nigeria (NG): The national poverty line is ₦137,430/year (~₦376/day or $0.50/day at 2023 exchange rates). Over 40% of Nigerians live below this line.
USA: $14,580/year for a single person (2023 federal poverty line).
India: ₹1,286/month (~$1.90/day) for rural areas.
3. Relative Poverty
Earning below 50–60% of median household income in a country. For example:
UK: £174/week (60% of median income).
Germany: €1,148/month (single person).
Key Factors
Cost of living: Poor in Lagos (₦500/day) ≠ poor in Zurich ($30/day).
Access to services: Lack of healthcare/education defines poverty beyond income.
In Nigeria, ₦400–₦500/day is often the de facto poor threshold due to inflation. Globally, $1.90–$30/day spans definitions. Poverty is multidimensional—income alone doesn’t capture deprivation.