Real Buying Power of Israeli Families Reported Up 21 Percent in Past Five Years

The real purchasing power of Israeli families has increased 21 percent over the last five years according to figures released by the Central Bureau of Statistics, The average urban family in Israel spends $260 per month in the market-place apart from taxes and savings, the Bureau reported.

According to the statistics, the sums spent by Israelis vary with the ethnic origin of those who immigrated here in the last 15 years but not those who arrived prior to 1954. Among the more recent immigrants, families from Western countries were found to spend 15 percent more than the national average while those from Asia and Africa spent only 54 percent of the average. Native-born Israelis spend 21 percent above the average.

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