1) Over 1 billion people live on less than $1 per day, with the highest concentrations of extreme poverty found in Sub-Saharan Africa, Southeast Asia, and parts of Central and South America. 2) Poverty has major negative impacts such as high mortality rates, increased health risks from diseases like HIV/AIDS and malaria, and hampering children's development and education. 3) Various organizations are working to reduce global extreme poverty through initiatives like the Millennium Project, Millennium Villages, and UNICEF programs focused on child survival, education, health, and advocacy.