Israel’s poverty rate highest in developed nations

New Delhi : The National Insurance Institute on Thursday released its annual poverty report claiming that over 1.7 million people (approximately 21.7 percent) of the total population in Israel are below poverty line.

According to the report, which is based on data gathered by the Central Bureau of Statistics, in 2015 there were 1,712,900 people, including 460,800 families and 764,200 children living below poverty line.

The report, published by online JPost, found that the overall poverty rate decreased from 22 per cent in 2014 while the number of families living in poverty increased from 18.8 per cent in 2014 to 19.1 per cent in 2015.

In good news, the poverty rate among children has come down from 31 per cent in 2014 to 30 per cent in 2015. While, poverty among the elderly decreased from 22.3 per cent in 2014 to 21.7 per cent in 2015.