World Poverty Statistics 2024

Social Income

Facing the harsh reality of extreme poverty, over 700 million individuals globally survive on under $1.90 per day, a crisis that disproportionately affects children. The goal to eradicate this by 2030 underlines the vital global effort of Sustainable Development Goal 1.

Fighting Global Poverty with the Help of Everyday People

Social Income

Social Income lets everyone participate in the fight against global poverty by contributing 1% of their income, which is paid out directly to the phones of people in need. Their approach builds on a reliable, preexisting direct cash donation system, which has proven to be both effective and scalable. The only requirement is a cell phone capable of mobile banking, which makes Sierra Leone—a fast-growing mobile money market—a perfect location.

A Will and a Way to End Poverty

Social Income

The Swiss nonprofit Social Income asks, “What would change if you gave away 1% of your income every month? Not much, right?” It is based on these questions and a strong belief in universal basic income (UBI) that Sandino Scheidegger founded the organization, which works toward alleviating global poverty through direct cash transfers to the impoverished citizens of Sierra Leone. Social Income is taking advantage of the burgeoning use of mobile banking platforms in Africa and is alleviating poverty by facilitating “human to human” assistance.

One Percent is Actually Ridiculous

Social Income

The Zurich-based project Social Income provides people in Sierra Leone with an unconditional basic income. Could this be the future of poverty alleviation? A conversation with the project's founder about global inequality and the potential of voluntary redistribution of wealth.