More than half of Israelis earn between 500 and 1,500 pounds ($167-$500) per month, with only 6 percent of the population exceeding the latter amount, it was reported here today by David Horowitz, Governor of the Bank of Israel.
Mr. Horowitz noted that the Israeli population’s incomes are “exceptionally evenly distributed, more so than in most other countries, providing greatest economic and social equality.” The report was based on a study prepared for the Bank of Israel by a special committee headed by Mr. Horowitz.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
