Poverty estimates are exciting if you're a researcher in Washington, London or Delhi.
That compares with 42% in 1990, when the bank first published its global poverty estimates.
The bureau's Current Population Survey, to be released at the end of September, still functions as the official barometer for measuring national income and poverty estimates.
The JRF report, called "counting the cost of UK poverty", estimates that 25% of healthcare spending is associated with treating conditions connected to poverty.
Combining these poverty estimates with Mr Bhalla's figures leaves no people earning between $2 and $10 per day, or above $100.
The Community Food Resource Center, a not-for-profit group that studies issues of poverty, estimates that the city is losing $1 billion a year by not trying to make sure that everyone who qualifies for food stamps receives them.
If you're a fan of poverty numbers, the World Bank's latest global poverty estimates – which came complete with a 66-page document explaining the reasoning behind them – were a case of Christmas come early.
Mr Bhalla estimates that 57% of the world earns between $10 and $100 per day, whereas the new World Bank poverty estimates show that 47% of the global population lives on less than $2 per day.
The Planning Commission's latest poverty estimates, released Monday evening, show a 7 percentage-point drop in India's poor, the largest fall since the figure was first calculated in 1962.
See articleAmerica's poverty rate jumped to 15.1% in 2010; 46.2m people were below the poverty line, the largest number in the 52 years since poverty estimates were first published.
The commission, he said, is using the same methodology it did when it last published poverty estimates in 2009, based on data from a nationwide survey in 2004-5.
