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Economic Battle for Average Israelis Worsens – 40% Can’t Cover the Month


It has become increasingly common to hear Israelis complain that while the nation’s officials were bragging that the Jewish state weathered the global economic turndown better than some of the economic giants, the gap between the rich and poor continued to grow and it became more difficult to survive economically. The statistics released by the Central Bureau of Statistics (CBS) prior to Family Day (Friday) support the contention. Almost 40% of Israeli families are unable to cover their monthly expenses, averaging $4,646.