Poll Shows Economic Deterioration Within Israel Due to War

SadaNews Economy Translation - A survey conducted by the Hebrew economic site Globes revealed that one in every two families has seen a decline in income due to the war.

According to the site, as translated by SadaNews Economy Department, the families that have been most affected are those that were already suffering during the Corona crisis leading up to the October 7 attack, and they continue to bear the repercussions.

The self-employed category has been the hardest hit, with about 80% of respondents indicating a loss in income, compared to approximately 45% of employees.

There has also been significant damage among the Palestinians in Israel, with about 59% reporting a decrease in income.

Although survey participants reported widespread declines in their income, only 10% of them reduced their expenses, while 46% indicated an increase in their expenses. This decline was particularly notable among parents of children, where over 52% of them experienced increased expenses. This percentage peaks at around 66% among parents of preschool-aged children (3-5 years).

More than a third of survey participants reported that they would reach a breaking point within a period of up to three months.

Once again, the self-employed emerge as a significant concern, as nearly half of them (45%) reported this situation.

The survey shows that a quarter of Israelis are extremely worried about their inability to cover their usual household expenses in the coming months.

Over 40% of people are concerned about their inability to pay their bills or mortgage installments in the coming months.

With the prospect of the war's end, 17% of respondents are primarily concerned about their economic future in the days following the war.

Analysis of vulnerable populations shows that 57% of those whose income has decreased by more than 25% are academics, indicating that economic difficulties directly affect future productive capacity.