Full coverage· Economy· Updated
Israel's 2024 Income Inequality Drops Due to War Aid, Not Stronger Economy
Israel's household income inequality decreased in 2024, with the Gini coefficient falling to 0.333. This improvement was driven by a 15% real-terms increase in government benefits and support payments, which compensated for a 1.4% real-terms decline in income from work.
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What happened
- 01Israel's 2024 income inequality fell due to a 15% real-terms rise in government benefits.
- 02Average household income from work decreased by 1.4% in real terms during 2024.
- 03Government transfers accounted for three-quarters of the nominal increase in gross household income.
- 04Wealth disparities, particularly in housing, widened significantly in 2024.
- 05The middle and upper-middle classes saw their income share decrease the most.
- 06The report warns the inequality reduction is temporary, linked to wartime spending.
The report attributes these changes to the economic impact of the ongoing war and warns that the reduction in inequality is temporary, relying on emergency funding rather than a stronger labor market.
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