Sunday, October 17, 2010

(NEWS) Poverty In Israel Decreased By As Much As 29%, Think Tank Reports

"Report argues that National Insurance Institute figures aren't accurate, because they measure how poor people are compared to others, and not how well off poor people are in general.

Israel's poor became significantly better off by all measures during the last decade's economic growth, the Jerusalem Institute for Market Studies said in a report it released yesterday.

'In every measure related to quality of life - purchasing power of necessities, real income, ownership of durable goods and life expectancy - Israel's poor have become significantly better off,' stated the report, written by Yarden Gazit."

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