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| By: israelinsider staff |
| Published: January 25, 2007 |
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Over 1,630,000 Israelis live below the poverty line, according to an annual Poverty Report. The report also showed that over 35 percent of children in Israel were living in poverty. The poverty line is defined as 50 percent of the median net income and is adjusted to family size.
The report, published Thursday by Israel's National Insurance Institute (NII), showed that 404,000 families lived below the poverty line during the second half of 2005 and the first half of 2006.
An NII source said the poverty rate was relatively stable. The increase in poverty amongst children and families has halted, and poverty among elderly citizens continues to fall, due to an increase in supplementary income payments.
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