'More than 50% of Palestinian families in debt'

By JPOST.COM STAFF
June 13, 2007 04:52

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Stopping aid to the Palestinian Authority has caused more than half of all Palestinian families to go into debt, UK charity OXFAM reported on Tuesday night. One in 15 Palestinian families have debts of more than $25,000 and the average salary among Palestinians is $3,500 a year, said Adam Leach, OXFAM's director for the Middle East. According to a survey conducting by the charity in the West Bank and Gaza Strip, 40% of all Palestinian families have sold personal belongings, including Jewelry and furniture, to pay off monthly debts and three quarters said they no longer had anything left to sell. Oxfam called on the EU to restore direct aid to Palestinians to stop the poverty crisis.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Bitcoin (virtual currency) coins placed on Dollar banknotes
December 14, 2018
Saudi Arabia and UAE to launch cross-border cryptocurrency

By THE MEDIA LINE