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Many people still lack access to quality education, healthcare, power, clean water, and other essential amenities. This is frequently due to their social background, gender, race, or location. Those who can escape poverty typically make only short-term gains. Economic shocks, a lack of food security, and climate change may cause them to lose all of their progress and return to poverty.

It is difficult to escape poverty, and it is frequently passed down from one generation to the next. Typically, poverty results in drug and alcohol misuse, limited access to education, substandard housing and living circumstances, and an increase in disease. As inequality worsens, poverty is likely to exacerbate tensions in society. When people are poor, these issues frequently lead to an increase in the crime rate.

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Which places around the world are most affected by poverty?

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Which places around the world are most affected by poverty?

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According to the World Poverty Clock, the global breakdown for the number of people living in “extreme poverty" per continent is:

430.3 million in Africa

120.3 million in Asia

3.2 million in Europe

12.4 million in North America

29 million in South America

3 million in Oceania

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Poverty is often affected by a person's race, gender, socioeconomic status, and where they live. Others may fall into poverty because of bad economic conditions, natural disasters, rising living costs, drug addiction, depression, or issues with their mental health.

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This is Muhammad Yunus, nicknamed "the banker of the poor", an economist and university professor originally from Bangladesh who has chosen to help the poorest people create a future for themselves with their own strength.in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". The Norwegian Nobel Committee said that "lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development".Yunus has received several other national and international honours. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010.