The World Bank defines extreme poverty as income of less than $1.25 per day per person.
By global standards,the United States is unquestionably a very rich nation.U.S.GDP per capita is five times larger than the world average.By American standards,virtually all the people in the poorest nations with average income under $4,000 would be poor.By their standards,no American would be poor.Extreme poverty refers to income of less than $1.25 per day.

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The statement is true. The World Bank defines extreme poverty as income of less than $1.25 per day per person.

The World Bank Defines Extreme Poverty as Income of Less