Israel ranks 2nd in poverty rates among OECD states
Only Mexico precedes Israel in rate of poor families according to data collected by Finance Ministry, OECD
Israel experienced a rise in the level of inequality in the past decade and a half, placing it second behind Mexico in the number of poor families in the OECD.
According to the Gini index, Israel ranked fifth among OECD countries in its level of inequality at the end of the previous decade.
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These conclusions are based on various comparisons between Israel and other OECD states relating to quality of life and conducted by the Finance Ministry. The ministry used data recently published by the OECD in a report titled "How's Life? Measuring Well-Being."
The report examines 11 measures of well-being including income, jobs, housing, education, environment, health, safety and work-life balance.
The data suggest that Israel witnessed a significant rise in the level of quality of life in the past decade, alongside other OECD member states.
Nevertheless, its relative ranking did not change during this period and Israel's per-capita income remained lower that the average in the OECD.
