12/05/2011 15:24
Income inequality in Israel is among the highest in the developed world, according to a report released Monday by the Organization for Economic Cooperation and Development (OECD). The report indicates that the gap continues to widen despite the fact that Israel was already considered a high-inequality country.
Israel was singled out as one of only two OECD countries in which the real income of those at the bottom of the income ladder actually fell in comparison with the mid-1980s.
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The richest ten percent in OECD countries earn, on average, nine times that of the poorest ten percent. In Israel, the richest ten percent earn over 14 times that of the poorest 10 percent. The United States and Turkey were in the same income equality bracket. The richest ten percent earn over 27 times more than the poorest ten percent in Mexico and Chile. Read the rest on: The Jerusalem Post
Israel was singled out as one of only two OECD countries in which the real income of those at the bottom of the income ladder actually fell in comparison with the mid-1980s.
RELATED:
OECD officials commend Israel on environment
OECD slashes growth forecasts; PM: Cut spending
Child poverty here highest in OECD
The richest ten percent in OECD countries earn, on average, nine times that of the poorest ten percent. In Israel, the richest ten percent earn over 14 times that of the poorest 10 percent. The United States and Turkey were in the same income equality bracket. The richest ten percent earn over 27 times more than the poorest ten percent in Mexico and Chile. Read the rest on: The Jerusalem Post
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