Overview
Poverty, a condition characterized by the lack of access to basic needs such as food, water, shelter, and healthcare, affects over 736 million people worldwide, with the World Bank estimating that 9% of the global population lives on less than $1.90 a day. The roots of poverty are complex, involving historical, economic, and social factors, including colonialism, inequality, and lack of education. According to the United Nations, if current trends continue, 6% of the global population will still be living in extreme poverty by 2030, missing the Sustainable Development Goal of eradicating poverty. The impact of poverty is not only economic but also has profound effects on mental and physical health, with studies showing that individuals living in poverty are more likely to experience depression, anxiety, and chronic diseases. The fight against poverty involves a range of strategies, from microfinance initiatives to policy changes aimed at reducing inequality. As noted by economists like Amartya Sen and Joseph Stiglitz, addressing poverty requires a comprehensive approach that includes education, healthcare, and economic opportunities, underscoring the need for a multifaceted solution to this enduring problem.