For almost 25 years, the number of people living in extreme poverty — on less than $2.15 per person per day — was steadily declining. But the trend was interrupted in 2020, when poverty rose due to the disruption caused by the COVID-19 crisis combined with the effects of conflict and climate change — which had already been slowing poverty reduction. Decreased income, job losses, and work stoppages during the pandemic were especially damaging to poor households. Women, youth, and low-wage and informal workers, especially those living in urban areas, were among the hardest hit. Inequality rose both within countries and between countries, with long-term impacts on access to opportunity and to social mobility. Although global poverty has more recently resumed its pre-pandemic downward trajectory, between 75 million and 95 million additional people could be living in extreme poverty in 2022 compared to pre-COVID-19 projections, due to the lingering effects of the pandemic, the war in Ukra