45% Of Israelis Cannot Make Ends Meet


yerushalayim-tel-aviv-from-west-bank45% of Israelis over the age of 20 cannot make ends meet, the Central Bureau of Statistics reported today. Its Financial Literacy Survey found that Israelis’ knowledge about calculating interest rates, inflation, and investment yields versus risk is below the global average.

80% of respondents said that they compare prices before buying goods, because of the cost of living and rise in prices since the social protest in the summer of 2011. 62% of respondents said that they were more savers than spenders.

The Financial Literacy Survey was jointly conducted by the Central Bureau of Statistics, Bank of Israel, Ministry of Finance, and the National Economics Council in January-May 2012 among a representative sample of 1,200 people over the age of 20. The government uses the survey for setting financial education policy, in line with OECD recommendations.

Financial literacy is defined as the ability to read, analyze, understand, and discuss financial and economic matters that affect an individual’s welfare. Issues include the ability to assess financial opportunities, the proper use of money, planning for the future on the basis of the present, and responding wisely to economic changes.

50% of respondents said that they have a pension plan, 33% have a provident fund or advanced training fund, 22% have managers’ insurance, 67% have health or nursing insurance, and 40% have structural insurance on their homes.

Read more at GLOBES

{Matzav.com Newscenter}


  1. 100% have health insurance! . 40 % have supplementary insurance. Do the 45 % who don’t finish the month include a disproportianate sample of the un-employed , and the under employed?

  2. But Israel can afford new construction on the West Bank and pay for the infrastructure and IDF protection for illegal settlements. It’s clear what the government’s priority is, and it’s not the well-being of secular Israelis inside the Green Line. That kind of imbalance doesn’t just rock the political boat, it capsizes it. Look for a Centrist victory in the elections.

  3. Um oldtimer, please review the facts before you speak. A – The settlements are not illegal as even UN resolution 242 doesnt claim all the territory liberated in 1967 must be given to the Palestinians. B- The settlements protect places like Tel Aviv and Herzliya. C – Please explain to me the difference between the areas Israel liberated in 48 (that were not allotted to Israel under the Partition Plan) and the areas liberated in 67? Hint there isnt any. D- The settlements were founded by Labor governments and possess many secular Jews in placs like Ariel. So I will look for a “centrist” victory but doubt I will find one b/c Kadima has imploded and Netanyahu, and the Dati Leumi united list and the UTJ are looking to all either stay or increase in size.