Poverty Line 2024 Australian Population. Shows the average household wealth of australia’s highest 10% growing much faster than the lowest 60%, from $2.8 million to $5.2 million (an 84% increase) over the past 20 years. Extreme poverty is defined as living on less than $1.90 per day.

According to the latest poverty statistics, approximately 9.2% of the global population, or about 700 million people, live in extreme poverty. $454 a week for a single person.