How much do you spend on groceries? Now, what is that relative to your paycheck? In some parts of the world, the poorest residents use more than 60 percent of their income to buy food while for the wealthiest, it’s less than 10 percent.
So it’s easy to see why an increase in food prices could lead to an increase in poverty. Unfortunately, new statistics from the World Bank suggest that climate change could lead to major changes in food prices and potentially throw tens of millions of people into poverty around the world.