Full coverage· Economy· Updated
Demographic Shifts Threaten Israeli Economy With Hundreds of Billions in Losses
An Israeli economic report projects annual losses of up to 250 billion shekels by 2050 due to the low labor participation and military exemption of the Haredi community. This demographic shift could necessitate significant tax hikes and service cuts. The Haredi population is expected to grow from 14.3% to 32% by 2065.
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What happened
- 01Israel faces potential annual economic losses of 250 billion shekels by 2050 due to Haredi community's low labor participation.
- 02Haredi population is projected to increase from 14.3% to 32% of Israel's population by 2065.
- 03Economic consequences include potential tax increases and cuts to public services like health and education.
- 04Haredi men's employment rate is around 52%, with average income at 56% of non-Haredi Jews.
- 05The cost of not drafting Haredim into the military is estimated to exceed 10 billion shekels annually.
- 06The Arab community shows educational progress but faces economic integration challenges.
- 07Continuing current trends could reduce the state's ability to fund services by at least 12% by 2065.
The report also highlights educational gains in the Arab community but ongoing employment challenges, while warning of a potential financial crisis if current trends continue.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- Arab1
- Other1
How it broke
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