News Briefs

  12/5/2011, Kislev 9, 5772

OECD Report: Israeli Income Gap Too Wide

A report issued Monday by the Organization for Economic Cooperation and Development (OECD), which Israel joined last year, says that the gap between rich and poor grew over the past year – and the gap in Israel is one of the highest among OECD members. According to the report, the average income of the top ten percent of Israeli income earners makes 14 times more than the average in the bottom ten percent. The average for that statistic in other OECD countries is nine times.

The report warned that the ongoing gap in the standard of living between rich and poor could have serious consequences for Israeli society.