However, new research suggests a deeper look into poverty statistics paints a different picture. While there has been progress in reducing the number of people living below the poverty line, this has been achieved largely by raising those considered ultrapoor to just above the poverty line, rather than by boosting the standard of living of the poor more broadly, according to a paper from Martin Ravallion, economist at Georgetown University's Center for Economic Research.
"There has been very little absolute gain for the poorest," Mr. Ravallion writes in a new working paper from the National Bureau of Economic Research. "Using an absolute approach to identifying the floor, the increase in the level of the floor seen over the last 30 years or so has been small—far less than the growth in mean consumption."
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