Full coverage· Economy· Updated
Israel's Inequality Decreased in 2024 Amid War, Driven by Government Support
Israel's income inequality decreased in 2024 due to a substantial rise in government benefits and support, which offset a real decline in income from work, according to the Central Bureau of Statistics. The war significantly impacted the economy, leading to increased government aid.
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What happened
- 01Israel's income inequality decreased in 2024, driven by government support amid the war.
- 02Average real income from work declined, while benefits and support payments increased significantly.
- 03The middle-to-upper-middle class experienced the sharpest decline in income share.
- 04Wealth inequality, particularly in property values, widened during the period.
- 05The decrease in inequality is attributed to temporary public funding, not labor market strength.
While overall inequality metrics improved, the middle-to-upper-middle class saw their income share shrink, and wealth inequality widened. Experts suggest the decrease in inequality is temporary, relying on public funds rather than labor market strength.
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