Money cash Shekels currency 521.
(photo credit: Reuters)
Israeli household incomes declined in 2011, according to a survey the Central Bureau of Statistics
released on Wednesday.
The CBS numbers showed a decrease of 1.7 percent
in gross household income for that year. The most significant decline was in
households headed by self-employed individuals, where the average income was
recorded at NIS 19,434 a month – a drop of about 4% from 2010’s numbers. For
households headed by employees of companies, income declined by a little over
In addition, the survey showed a greater gap between the wealthiest
and poorest in society, stating that inequality in 2011 was higher than in other
The study also displayed a 1.5% increase in income
for households headed by unemployed individuals who receive national insurance
financial benefits, compared to 2010.
The data joins the results of the
2011 Household Expenditures survey
, published Tuesday, which showed that average
household expenditures in the country amounted to about NIS 14,000. Housing
expenses constituted a quarter of this.