“Latin America reached its lowest recorded monetary poverty rate in 2024, with 25.5% of the region’s population living below the poverty line, roughly 160 million people, the United Nations’ Economic Commission for Latin America and the Caribbean (CEPAL) reported Thursday.

The figure represents a decline of 2.2 percentage points from 2023, driven mainly by improvements in Mexico and, to a lesser extent, Brazil, CEPAL said in its annual social panorama report…

Extreme poverty also eased, affecting 9.8% of the population in 2024, about 62 million people, a modest fall from the previous year but still above the lowest level recorded in 2014, CEPAL said…

CEPAL highlighted a substantial decline in multidimensional poverty, a measure that accounts for deficits in housing, health, education, employment, and pensions, which fell from 34.4% in 2014 to 20.9% in 2024.”

From Colombia One.