The annual income of immigrant families in Israel rises in direct ratio to the length of time the immigrant family is in this country, and there is no marked difference in this respect due to an immigrant’s country of origin, according to a report issued today by the State Bank of Israel.
The report noted that, in 1957, an average Israeli family’s income was 2, 800 pounds ($1, 540), an increase of an average of 600 Israeli pounds ($330) by comparison with 1955. There was a further average increase of 400 pounds ($220) by 1958, bringing the average family’s income in 1958 to about 3, 200 pounds ($1, 760).
According to the report, the average urban family in Israel saves about six percent of its income. Ninety percent of Israeli private savings have been invested in pension funds, insurance and mortgages. In addition to income from earnings, four percent of Israel’s population has benefited directly from West German reparations, receiving personal restitution payments from the Germans.
Israel’s population increased by 55, 718 in 1958 to a total of 2, 031,672, according to the August issue of the Anglo-Israel Trade Journal, out today. The Journal noted that 67.6 percent of the population live in 30 cities of over 10, 000, population, 16. 1 percent in 73 towns with populations between 2, 000 and 10, 000, and 17. 3 percent in 798 settlements and villages of less than 2, 000 population.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
