Poverty

The decade of the very poor and the super rich

Data: The World Bank and World Poverty Clock. Note: 1999-2015 World Bank figures are incomplete in South Asia. 2016-2019 figures are World Poverty Clock projections. Chart: Danielle Alberti/Axios

The 2010s may be remembered as the decade when the global 1% accumulated unfathomable wealth, but it was also perhaps the best decade ever for the world’s poorest people.

The big picture: The rate of extreme poverty around the world was cut in half over the past decade (15.7% in 2010 to 7.7% now), and all but eradicated in China.

HUD: Homelessness rises in U.S., driven by California housing crisis

Tents for the homeless line a sidewalk in Los Angeles, California on December 17
Tents for the homeless line a sidewalk in Los Angeles on Tuesday. Photo: Frederic J. Brown/AFP via Getty Images

Homelessness in the U.S. has risen for a third consecutive year, driven by a spike in California, the Department of Housing and Urban Development said in a new report.

QuoteHomelessness increased in California by 21,306 people, or 16.4 percent, accounting for more than the entire national increase."
— HUD statement