More and more people have left the extreme poverty of the past behind. But why should we care? Is it not the case that poor people might only have less income but enjoy their lives just as much – or even more – than rich people?
One way to find out is to simply ask, which is what the Gallup Organization did. In the World Poll the organization asked people around the world what they think about their standard of living – not only about their income. The economist Angus Deaton1 compared the answers that people in different societies gave with the average income of these societies. This research is summarized in the following graph; it shows that people living in poverty are clearly less satisfied with their living standards in a broader sense.
Read more at Our World in Data
Facts: Do Something Act Now