46% of households can't cover monthly expenses

A Central Bureau of Statistics survey shows that over half of Israelis over 20 are satisfied with their economic situation.

55% of employees aged over 20% are satisfied with their salaries and 54% of Israelis over 20 are satisfied with their economic situation according the preliminary findings from the Central Bureau of Statistics Social Survey 2007. Both figures are seven percentage points higher than in the 2003 Social Survey. The 2007 survey included 7,400 respondents over 20 nationwide, representing 4.3 million people in this age group.

44% of respondents predicted that their economic situation will improve in the coming years, 33% predicted that it would stay the same, and 12% predicted that it would deteriorate.

The 2007 survey also found that 46% of households say that they are unable to meet their monthly expenses. 20% of respondents said that, because of financial hardship, they had foregone food, 34% said they had foregone heating or air conditioning, 15% had not bought needed medication, 40% had not obtained needed dental care, and 13% had had their electricity or telephone disconnected in the past year.

39% of respondents said that their economic situation improved over the past five years, while 24% said that it deteriorated. 12% of respondents said that they felt poor in the past year.

Published by Globes [online], Israel business news - www.globes-online.com - on June 17, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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