What Are The Most Significant Risk Factors For Anyone Living On Less Than $ 2 A Day?

The most significant risks factors for anyone living on less than $2 a day are varied and unique to each case and segment of society. Also according to where one comes from , they vary from developed to developing countries. The gap of poverty line in developing countries is much higher compared to the developed ones. Here are among many factors that affecting the families and individuals living below 2 $ per day.
Most of income is spent on food. People living on less than $2 per day reported being spending large proportions of (between 55 and 80%) of their incomes on food. The size and amount of income spent on food is the same overboard of people on this similar income bracket.
There is little ownership of assets used in production.
In Tanzania, almost everybody is living on under $2 a day.It is reported that owning a television is about 57% than those living on the same income bracket owning a radio. The ratio of radio ownership are higher than those for television.
The poor usually had no access to basic infrastructure, and same was with assets, there was huge variability between households across the world. In Mexico and Indonesia, electricity access was nearly universal on both ends, but in-house tap water and ownership of a toilet were far less available in Indonesia . In Tanzania, the situation was quite different, nearly every poor household that have access to a toilet and that very few people have access to electricity or
Banerjee and Duflo (2007) argue that what often separates the 'middle class' (which they define as living on between $2 and $10 per day) from the poor in developing countries are steady well-paying jobs, not a greater success at running small businesses. Banerjee and Duflo hypothesise that more reliable income flows are the reason the middle class invest more of their income in the future than the poor do.(However, we note that it is also possible that, to some degree, people who are more future-oriented in general are the same people who end up with higher incomes.)
The effects of the global financial meltdown of 2008 were massive both on the developed and developing countries. The developng states were evidently most affected by the financial meltdown and the consequences were huge since prices of everything went high in the respective economies and little or no more was available on savings for a backup plan. The global slowdown in economic activity had pushed commodity prices down, with negative effects on export earnings and the external current account, fiscal revenues, and household incomes. Commodity exporters face major terms of trade deterioration. Some of the developing, countries through their financial links with other regions in the world, I.e South Africa, Nigeria, Ghana, and Kenya were hit first, suffering falling equity markets, capital flow reversals, and pressures on exchange rates. Ghana and Kenya had to postpone planned borrowing,