The Blow Awaiting You in Your Next Paycheck
July salaries, paid in early August, will not bring the expected relief to Israeli workers. Health insurance payments in the private sector remain unchanged, and tax updates target incomes above 16,150 shekels gross, so most employees will not feel a difference. Rising prices and higher fuel costs offset any small increases.
July salaries, which workers in Israel will receive in early August, will not bring the expected relief. Many employees hoping for an increase in disposable income will face disappointment due to the rising cost of living. A key reason remains the lack of changes in health insurance payments in the private sector. Tax updates that took effect earlier this year target workers with gross monthly income above 16,150 shekels, so most employees will not notice any changes. Even small increases in pay stubs are eroded by overall price rises and another fuel price hike in early August. As a result, minimal improvements disappear, offering no financial respite. The article references a Srugim publication and contains no specific figures other than the income threshold for tax changes.