Israelis Aged 50 Earn Highest Average Salaries But Income Growth Stalls
Translated & summarized from N12 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, indicating that high earners skew the average. Significant salary disparities exist across professions, with high-tech roles earning substantially more than service jobs. The gender pay gap also widens in this age group, with men earning 58% more than women on average. Salaries generally decline after age 60.
The story in 6 lines · by baba
- Israelis aged 50-59 earn an average of 21,300 shekels monthly, the highest average salary across age groups.
- Most workers in their 50s have reached their salary ceiling, with median earnings around 15,000 shekels.
- High-tech salaries for 50-year-olds range from 34,500 to 54,500 shekels, significantly higher than other professions.
- The gender pay gap peaks in the 50s, with men earning 58% more than women on average.
- Average salaries decrease after age 60, falling to about 15,400 shekels.
- Approximately 630,000 employees are in the 50-59 age bracket in Israel.
Salaried employees in Israel aged 50 to 59 earn an average of approximately 21,300 shekels per month, the highest among all age groups. However, this figure represents the peak for most workers, as income growth typically ceases around this age. The median salary for this age bracket 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 group of high earners, likely senior managers.
The data, based on National Insurance reports and adjusted for current wage levels, shows that the average salary increases by only about 3.3% in the decade after age 50, compared to a substantial 22% jump between the ages of 30 and 40. Approximately 630,000 employees are in the 50-59 age group.
Salary ranges vary significantly by profession. In education, teachers earn between 12,500 to 17,000 shekels, while kindergarten teachers earn 10,500 to 14,000 shekels. Other professions like certified electricians fall into the 14,500 to 19,500 shekel range.
Professionals requiring degrees and licenses, such as registered nurses, earn between 19,500 to 23,500 shekels. Accountants can earn 19,500 to 25,000 shekels, and civil engineers 19,500 to 24,500 shekels. Lawyers in large firms can earn between 24,500 to 31,000 shekels.
High-tech salaries are considerably higher, roughly three times those in service professions. Software developers aged 50 can expect to earn 34,500 to 42,000 shekels, DevOps professionals 39,500 to 49,500 shekels, and engineers in fields like chips, algorithms, and machine learning can earn 41,000 to 54,500 shekels.
The gender pay gap widens in this age group, with men aged 50-59 earning an average of 26,400 shekels and women earning 16,700 shekels, a difference of about 58%. This gap was around 50% in their 30s and 55% in their 40s. After age 60, average salaries drop to about 15,400 shekels, with the median at 9,900 shekels, as many workers reduce hours or retire.
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