Thursday, May 16, 2013

Israel has highest poverty rate in OECD


Israel has a poverty rate of 21 percent, the highest among all OECD countries, a report by the economic development organization revealed Wednesday.

The report, aimed at investigating the impact of the global financial crisis on developing countries, also found that the gap between the rich and the poor was very high in Israel, with only Chile, Turkey, Mexico and the United States exhibiting a higher gap.

Iceland, Slovenia, Norway and Denmark were found to have the lowest rate of income inequality among the 34 OECD member countries. Israel joined the OECD in 2010.... http://www.timesofisrael.com