BREAKING NEWS

Study finds major gap between upper and lower middle class

MAY 20, 2014 12:26

The wealth disparities between Israel’s upper and lower middle class are significant and growing, according to a Taub Center study released Tuesday.

The lower middle class, which accounted for 40% of the population, had a monthly per capita wage range of NIS 1,950 and NIS 5,000, while the upper middle class, which accounted for 29% of the population, fell under the much wider range of NIS 5,100 to NIS 12,540.

“The long-term goal should be a unification of these two groups into a single large and strong middle class. In order to achieve this, the gaps between the lower middle and upper middle class must be narrowed,” said Bar-Ilan University’s Zoya Nisanov, who authored the study.

The biggest factor explaining the difference in the groups was the number of wage earners in the household: smaller percentages of families in the upper middle and upper classes had just one income.

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