Study: Israel's top percentile now wealthier

Society's economic gaps remain significant, "belie promises economic growth will 'in the end' benefit everyone," according to Adva Center.

By JPOST.COM STAFF
December 18, 2011 10:31
1 minute read.
Poor woman [illustrative]

A poor woman poverty impoverished homeless 311. (photo credit: Marc Israel Sellem/The Jerusalem Post)

 
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 uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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 Don't show it again

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.

Released 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 education system.

RELATED:
C’tee: Trajtenberg recommendations on housing unhelpful

Be the first to know - Join our Facebook page.


According to the document, the gaps between society's upper and lower percentiles are rigid and leave "the impression of the deep stability of inequality in Israel."

"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 percent."

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.

Related Content

Riot
August 31, 2014
Rioting resumes throughout east Jerusalem Saturday night

By DANIEL K. EISENBUD