In the past two decades, the world made exceptional progress in reducing global poverty, but according to a new report published this morning by Save the Children, global inequality is at its highest in 20 years. And it's growing.
The report found in many of the 32 developing countries researched, "the available income for children in the poorest decile [income-level group] has actually decreased, as a share of GDP, since the 1990s." Share of GDP for children in the richest decile increased.
Justin Forsyth, Save the Children's chief executive, told the BBC, "In recent decades the world has made dramatic progress in cutting child deaths and improving opportunities for children; we are now reaching a tipping point where preventable child deaths could be eradicated in our lifetime. But this will only happen if we redouble our efforts and tackle inequality."
The report also found, "more than 70 percent of the world’s poorest people — up to a billion — live in middle-income countries."
The report comes as British Prime Minister David Cameron, co-chair of the U.N. panel on global poverty and development with Indonesia and Liberia, met with world leaders to address global poverty, and what steps need to be taken after 2015.