My brother lives in Mexico for a few months per year. He's told me that a large number of people live on less than 2 dollars per day. He's witnessed young boys carrying buckets of cement mix up stairs for 12 twelve hour shifts. Sometimes we forget how good we got it.
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Yes but the style of living is very different in 3rd world countries. To live on a dollar or less a day I find families have to rely on each other more so that cooking a meal of rice and small fish or chapati with meat stew goes much further. In the west I find people are much more independant I find and may not think to stretch the budgets this way.