Due to increasing consumer affluence, poverty has ceased to be a major problem worldwide.

Question

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Despite increasing consumer affluence, poverty remains a major problem worldwide, especially in developing countries. According to the World Bank, over 700 million people live in extreme poverty, surviving on less than $1.90 per day. Additionally, income inequality continues to be a significant issue in many countries, with the top 1% controlling a disproportionate amount of wealth.

Due to Increasing Consumer Affluence, Poverty Has Ceased to Be