How do the very poor use their money?

[laramie]

Interesting article...

In 1981, 40 percent of the world's people lived on less than $1 a day, according to Shaohua Chen and Martin Ravallion of the World Bank. The figure plummeted to 21 percent by 2001 and may be as low 15 percent by 2015. We can hope.

Comments

[skylarker.livejournal.com]

Good points. It's hard to use money as a gauge of wealth, or poverty. And I wonder if there's a standard-of-living measure that includes the level of stress as well as levels of physical needs met. It seems like a lot of people in our wealthy nation live in continual stress even when the basic physical needs and a lot of extras are available. (Working more hours, less vacation & leisure time, etc. than in the past.)