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More than 1.7 million People are living in Poverty in Israel today, says National Insurance Institute Report

In 2015 there were 1,712,900 people, including 460,800 families and 764,200 children living below poverty line

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Representational image. Pixabay

Jerusalem, Dec 15, 2016: More than 1.7 million people — some 21.7 percent of the population — are living in poverty in Israel today, according to the annual poverty report released by the National Insurance Institute on Thursday.

According to the report, which is based on data gathered by the Central Bureau of Statistics, in 2015 there were 1,712,900 people, including 460,800 families and 764,200 children living below poverty line.

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The report, published by online JPost, found that the overall poverty rate decreased from 22 per cent in 2014 while the number of families living in poverty increased from 18.8 per cent in 2014 to 19.1 per cent in 2015.

Poverty among children decreased from 31 per cent in 2014 to 30 per cent in 2015 and poverty among the elderly decreased from 22.3 per cent in 2014 to 21.7 per cent in 2015.

In defining poverty, the findings indicated that an individual with a monthly income of less than NIS 3,158 ($821) and couples earning less than NIS 5,053 ($1,314) per month were considered to be living below the poverty line; whereas a family of five individuals must earn more than NIS 9,475 ($2,465)to be considered above the poverty line.

According to the report, the standard of living in terms of disposable median income per capita rose in real terms by 3.3 per cent in 2015, as did the poverty line.

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According to the report’s author, Daniel Gottlieb, Deputy Director-General for Research and Planning at the NII, this was most likely due to the reinstatement of child allotments in 2015.

The data also broke down the poverty rates between different population groups in Israel.

Among ultra-Orthodox families, the poverty rate decreased from 54.3 per cent in 2014 to 48.7 per cent in 2015, accounting for 17 per cent of poor families in Israel.

The reason for the decrease, the report notes, is primarily due to the increase in income due to employment and the reinstatement of child allotments.

In the Arab population, the poverty rate of Arab families increased to 53.3 per cent in 2015 from 52.6 per cent in 2014, while the poverty rate among children also increased from 63.5 per cent in 2014 to 65.6 per cent in 2015.

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When compared to other OECD (Organisation for Economic Co-operation and Development) countries, Israel still has the highest poverty rates of all developed countries, the report noted.

In addition, the GINI index of inequality showed slight improvement, however, the country continues to remain among those with the highest measure of inequality. (IANS)

Next Story

Elon Musk in Talks with Netanyahu for Tunnels in Israel

If the plans work out as intended, Musk’s tunneling firm — Boring Co. — could help in the development of Israel’s tangled transportation network

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Elon Musk, the founder of SpaceX, Tesla and Neuralink, is in negotiations with Israels government to build tunnels in the country, said Israeli Prime Minister Benjamin Netanyahu.

“I met a man that they call Elon Musk-have you heard of him? A real genius,” the New York-based The Algemeiner journal quoted Netanyahu as saying at a campaign event last week when asked about Israel’s transportation infrastructure.

“Right now, we’re in conversation with him to see if we can tunnel the State of Israel.”

Elon Musk, CEO of SpaceX. Wikimedia

Netanyahu said he and Musk ate breakfast at the Prime Minister’s residence, where the billionaire entrepreneur mentioned tunneling, The Algemeiner reported on Sunday.

According to the state comptroller, ineffective public transportation could cost the Israeli economy $6.9 billion annually by 2030, if dire changes are not implemented.

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The billionaire entrepreneur visited Israel in March 2018 and has been in negotiations with Israel’s government to build tunnels.

If the plans work out as intended, Musk’s tunneling firm — Boring Co. — could help in the development of Israel’s tangled transportation network, the report said. (IANS)