Taub Center report reveals high poverty rate in Israel relative to developed countries

Israel’s depth of poverty, the distance of the average income of a poor family from the poverty line, has worsened, with the average income of poor families in 2010 at 31 percent lower than the poverty line, according to a new study released by the Taub Center for Social Policy Studies in Israel on Thursday.

The study, "A Picture of the Nation 2015," based on Taub Center research, presents a picture of Israeli society and its economy in a number of key areas: the cost of living, housing, inequality, the labor market, the shadow economy, the elderly population, education, and health.

According to the study, the poverty rate in Israel has risen over the years, although there has been a slight decline in the past few years, and it is high relative to most of the developed countries, both for individuals and families.

Source: http://www.jpost.com/Israel-News/Taub-Center-report-reveals-high-poverty-rate-in-Israel-relative-to-developed-countries-406334

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