New subject to be introduced in Israeli schools
Starting from the 2026/27 school year, Israeli ninth-graders will have a mandatory subject called 'financial literacy'. Students will learn budget planning, banking products, savings, inflation, labor rights, basics of investing, and risk assessment. The program will later be extended to tenth-graders. The article also cites Central Bureau of Statistics data showing a 5.7% increase in credit card spending in the second quarter.
Starting September 1, 2026, Israeli schools will introduce a mandatory subject 'financial literacy' for ninth-grade students, as reported by the Telegram channel 'Voice of Israel'. Students will dedicate one hour per week to studying personal budget planning, banking products, savings mechanisms, and inflation. They will also learn about labor rights, salary calculation rules, basics of investing, and risk assessment. The program will later be extended to tenth-graders. The article also cites data from Israel's Central Bureau of Statistics on a 5.7% increase in credit card spending in the second quarter compared to the previous year. The largest growth was seen in purchases of electronics, furniture, clothing, and footwear (+9.6%), while the IT sector and transportation grew by 10.8% and 10.2%, respectively. Spending on entertainment decreased by 6.5%, and on energy by 0.4%. About 45% of transactions fall into the 'other goods and services' category.