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      Archive: 12/26/2010
      09:45
      Reported

      News Brief

        12/26/2010, Tevet 19, 5771

      Report: Middle Class Shrinking


      A report by the Adwe Center released Sunday morning says that over the past 20 years, there has been a shrinking of the Israeli middle class, and that this group was the one most hurt by the recent recession. In 1988, one third of Israelis were considered middle class, while in 2009, only one quarter were. In 2009, one third of all workers earned no more than the minimum wage (NIS 3,850 per month), while income for those in the upper ten percent of wage earners rose.

      The study also shows that there is a lingering gap between the cities and development towns; 66% of students in the former qualified for a matriculation (bagrut) certificate, compared to 47.3% in the latter.