Under the National Insurance Institute law, every three years, the organization’s actuary must present a report containing the forecast and expectation for payments and pensions to the residents of Israel. The institute must also ensure the ability to meet its obligations and the rights granted to citizens by law. The institute’s recent report is tailored […]
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The impact of a country’s credit rating downgrade on citizens’ wallets begins even before the actual downgrade occurs. Markets, in practice, do not wait for the official downgrade announcement and already demand higher interest rates. This translates to tangible consequences for citizens who are faced with increased borrowing costs and reduced access to affordable loans. […]
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“Israel was not created in order to disappear – Israel will endure and flourish. It is the child of hope and the home of the brave. It can neither be broken by adversity nor demoralized by success. It carries the shield of democracy and it honors the sword of freedom,” John F. Kennedy. After having […]
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Amid discussions surrounding budget deficits and the state of Israel’s war against Hamas, most people may not have noticed some important announcements regarding pensions. The Israel Tax Authority has recently introduced several new benefits for anyone saving for retirement. Firstly, the deposit limit for savings, particularly for pensions, has been increased by 3.34%. This means […]
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American millionaire known as Taylor Money, on TikTok as @taylor_money_, shed light on a fundamental difference in how the wealthy perceive money and manage their finances compared to the general population. According to him, the rich do not focus on acquiring flashy possessions or indulging in extravagant expenses. Instead, they view money as a means […]
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There are 3,194 billionaires worldwide. Some on the list are well known, such as Elon Musk (Tesla), Jeff Bezos (Amazon), and Mark Zuckerburg (Facebook/Meta). But some names on the list arouse puzzlement, disgust, and fury, such as Musa Abu Marzouk ($2.3 billion) and Khaled Mashaal ($2.6 billion). Marzouk, senior Hamas leader, was named by the […]
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This week we wrap up the Book of Genesis. We have read week after week about siblings who don’t get along with each other. Sibling rivalries that led to murder, attempted murder, banishment, the selling of a brother, and more. The Ramban (Nachmanides) has a principle that runs throughout Genesis and that is “ma’aseh avot […]
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The Israeli economy is facing challenges due to ongoing conflicts, leading to a deficit of about 3.4% of the GDP by the end of November – equivalent to a substantial NIS 62.3 billion ($16.8b.), NIS 34b. ($9.1b) since the war began. Despite a modest 0.8% growth in November, projections from the Finance Ministry indicate a […]
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