The definition of poverty differs from country to country, but in high-income countries, like those shown in the chart below, the poverty line is around $30 per day.1
As the chart shows, a substantial share of people – between every 10th and every 5th person – lives below this poverty line in the world’s richest countries.
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$30.00 dollars per day is an annual net income of 10,950.00
Research has shown that self reported quality of life increases with income up to about $75,000 per year for a family of four and then additional income makes little difference in quality of life reports.