Israeli Workers in Their 50s Earn Most on Average, But Salary Growth Stalls
Translated & summarized from Mako by baba
Israeli employees aged 50-59 have the highest average monthly salary at approximately 21,300 shekels, but most have reached their peak earning potential. The median salary is around 15,000 shekels, and significant salary growth typically occurs between ages 30 and 40. High-tech professionals earn considerably more than those in service or education sectors. The gender pay gap is widest in this age group, with men earning 58% more than women.
The story in 6 lines · by baba
- Israeli workers aged 50-59 earn an average of 21,300 shekels monthly, the highest average salary across age groups.
- Most employees in their 50s have reached their salary ceiling, with median earnings around 15,000 shekels.
- The most significant salary growth occurs between ages 30 and 40, with an approximate 22% increase.
- High-tech professionals in their 50s earn substantially more, with software developers averaging over 34,500 shekels.
- The gender pay gap is widest in the 50-59 age bracket, with men earning 58% more than women.
- Salaries decline after age 60, with the average dropping to 15,400 shekels.
Israeli employees aged 50 to 59 earn an average of approximately 21,300 shekels per month, the highest average across all age groups. However, this figure represents the peak for most workers, as salary growth typically plateaus in this decade. The median salary for this age group is around 15,000 shekels, slightly lower than for those in their 40s, indicating that a significant portion of employees have reached their earning ceiling. This average is skewed upwards by a small number of high earners, likely senior managers.
The data, based on National Insurance Institute employer reports and adjusted for current wage levels, shows that the average salary increases by only about 3.3% from the 40s to the 50s, a modest rise of roughly 700 shekels monthly. The most substantial salary jump occurs a decade earlier, between the ages of 30 and 40, when average salaries increase by approximately 22%.
In the education and service sectors, salaries are more moderate. Teachers aged 50 earn between 12,500 and 17,000 shekels, while kindergarten teachers earn 10,500 to 14,000 shekels. Social workers fall into the 13,000 to 17,000 shekel range.
Professionals requiring degrees and licenses see higher earnings. Certified nurses earn between 19,500 and 23,500 shekels, accountants between 19,500 and 25,000 shekels, and civil engineers between 19,500 and 24,500 shekels. Lawyers in large firms can earn between 24,500 and 31,000 shekels.
Salaries in the high-tech industry are significantly higher, approximately three times those in service professions. Software developers aged 50 can expect to earn between 34,500 and 42,000 shekels, DevOps professionals between 39,500 and 49,500 shekels, and engineers in chip design, algorithms, and machine learning can earn between 41,000 and 54,500 shekels.
The gender pay gap widens in the 50-59 age group, with men earning an average of 26,400 shekels and women earning 16,700 shekels, a difference of about 58%. This gap was around 50% in the 30s and 55% in the 40s. After age 60, average salaries decline to about 15,400 shekels, with the median dropping to 9,900 shekels, as many workers reduce their hours or retire.
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