According to Hebrew language media, the economic situation in Israel has become so dire that on the eve of Tel Aviv’s parliamentary election, food and inflation have become the main concerns of Israeli politicians.
It is notable that Israel is going to hold its 5th presidential election on November 1. This is the fifth election in Israel in a three-year period that reflects the dire political situation in Israel. Israel’s unstable government has failed to control inflation in the country.
The economic condition of Israeli citizens is not good. The English-language media is also constantly writing about Israel’s poor economic condition. The English-language website I24 reports Israel’s poor economic condition with a saying from the Israelis themselves as follows: “We spend a lot more in Israel than in other places, because the prices here are high too many times more.” The report said the price hike has become unbearable for many residents of Israel.
David Niemann, a journalist and economic expert based in Tel Aviv, also says: “Israel must curb the effects of global inflation, as it is exacerbating the risk of a manifold increase in prices.”
I24 adds in its report that people are angered by rising inflation and expensive living conditions in Israel. Many Israeli residents leaving their homes and fleeing Israel, indicating real turmoil.
Under these circumstances, inflation has made having their own home an unfulfilled dream for many young Jews. Rising inflation has become the main concern for the youth who are dreaming of their first house and now they feel that they will never be able to build their own house.
Costly life and food insecurity main challenges of Israel elections
Economic crisis deepens before elections
The devil of inflation in Israel is taking a formidable form at a time when the country is going to hold its fifth election in the last three years to end the political deadlock in the country. However, experts agree that the political deadlock will not end even after these elections, and the formation of a stable government in Israel does not appear possible.
The newspaper “Yedioth Ahronoth” wrote of Israeli concerns and voters’ attitudes: “The cost of living has become an important issue in the elections.”
In this report, a 32-year-old Israeli nurse talks about the family’s problems arranging food for their two children. “We are working Hard but cannot afford to feed two children. We can’t walk anymore,” this nurse said, pointing to her night shift and her husband’s long working hours.
In his report, Yedioth Ahronoth discussed the serious economic problems in Israel, writing “The economic crisis is a long-standing problem for the millions of Israelis who have experienced a sharp rise in the price of consumer goods over the years.”
The newspaper continued: “Israel has had severe economic problems for years, for example, 400 grams of canned tuna costs about 30 shekels (about $8.50).”
In another part of his report, Yedioth Ahronoth discussed food insecurity in Israel and the problems of Israeli residents and wrote: “The Social Security Agency of Israel estimated that in 2021, more than 20% of the Jewish population faced food insecurity.”
Israel Hayom, a popular Israeli newspaper, also wrote in an analysis of the country’s economic conditions: “The dark economic condition has made a large number of Jewish immigrant families about to change their lives again. They insist that living in Israel is certainly not our destiny, and in the meantime, those who have wanted to immigrate to Israel for years have changed their mind they say, we cannot live in a place where there is skyrocketing inflation.
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According to this analysis, one of the big dilemmas many Jewish families face in 2022 is whether to stay in Israel or migrate to another place to improve their standard of living.
The newspaper emphasized: The poor economy in Israel that we have seen in the past few years and the high cost of living that has reached unprecedented levels has led many Jewish families living in Israel to a decisive conclusion that they should leave Israel.
A 40-year-old couple told Israel Hayoum: We love it here, but due to rising inflation and cost, we will definitely be moving to Los Angeles in the next 3 months.
The father of this family, who has three children, says of the economic pressure on his family in Israel, saying: “We tried our best to settle here, but the high cost of living and inflation made it impossible to live here. Simply put: this is not a place to live.”
When this man was asked, do you think life is better in America? He insists… I am sure the situation is different, I have a brother who has been living in America for 20 years and through that, I know that life is easy there, life is different there. In Israel, we feel the insignificance of our money. We start each month with a deficit.
Due to the high cost of living and a dark future, a large number of Jewish immigrant families have started reverse migration from Israel. Many families who were planning to live in Israel have now abandoned their decision after hearing about Israel’s poor economic conditions.
