A poor woman poverty impoverished homeless 311.
(photo credit: Marc Israel Sellem/The Jerusalem Post)
Israel's top percentile became wealthier in the past decade, while the
lower socioeconomic levels of its society still experience economic
decline, according to a report published by the Adva Center for Equality and Social Justice in Israel.
on Sunday, the report indicated growing economic gaps in Israeli
society and touched on a wide range of issues, including gender equality
progress in salaries, the shrinking of the economic gap between
Ashkenazi and Sephardic Jewish Israelis and difficulties with the Israel
C’tee: Trajtenberg recommendations on housing unhelpful
to the document, the gaps between society's upper and lower percentiles
are rigid and leave "the impression of the deep stability of inequality
"Income figures for the last decade belie the
promise of the political leadership, according to which economic growth
will 'in the end' benefit everyone," the Adva Center explained. "In
2010, Israel's Gross Domestic Product was 36 percent higher than in
2000, but the only incomes that grew significantly as a consequence were
those of households in the top percentile – at the rate of 19
The report also discussed the "double risk" the Israeli market has faced
in the past decade - that of international economic instability and
domestic unrest resulting from the Palestinian-Israeli conflict. Because
of these difficulties, Israel's GDP did not enjoy the significant
growth other countries have since 2000.