Monthly net money income per household in Israel was NIS 15,427 at the end of 2015, and monthly spending per family was NIS 12,323, the Central Bureau of Statistics reported today. Monthly gross money income from all sources (labor, capital, allowances, and support) averaged NIS 18,671 per household, a 2.5% real increase, compared with the preceding year.
Spending on consumption, which includes the estimated spending on housing services, totaled NIS 15,407 per household.
Both average monthly income and spending rose 3% in 2015, compared with 2014. The biggest expenses for households were housing, transportation, and communications. The income gap between the top and bottom deciles was much wider than the gap in spending.
The Central Bureau of Statistics also reported that 96.9% of households in Israel have at least one mobile telephone. 80.3% have a computer, 40.9% a tablet, and 74.3% an Internet connection. 82.6% of households have a solar water heater.
The Gini index of inequality between households in income distribution according to net money income fell to 0.366 in 2015. Despite the narrower gaps, the Central Bureau of Statistics noted that the top decile earned 8.2 times as much and spent 2.6 as much as the bottom decile. The net income of the top two deciles accounted for 38.9% of total household income, compared with 6.4% for the bottom two deciles and 54.7% for the middle six deciles (deciles 3-8).
Published by Globes [online], Israel business news - www.globes-online.com - on November 16, 2016
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