The cost of living affects many audiences due to the increase in the price of food products, the increase in interest rates and the increase in the price of consumer products.
There are quite a few people who enter the circle who find it difficult to close the month.
The "Hasadi Lev" association gives these families tools for proper financial management in order to overcome the difficulties and not get caught up in a spiral of loans.
The association's reports show that there was a 60% jump in inquiries during this period due to the increase in prices in the economy, with the entry of new audiences.
Even families with an income of NIS 20,000-25,000 a month find themselves chasing loans.
They say that within four months of escorting, the family embarks on a new journey with significant tools.
More than 80% of the families reach a debt settlement, 97% maintain a transparent and genuine marital discourse about money, 50% of the unemployed enter the workforce, 58% report an improvement in marital communication and financial decision-making, and 85% maintain employment stability.
It also appears from the Hasadi Lev data that 30-66% of the families were able to reduce their spending budget.
/ Illustration photo: Ami Shoman,
Even from the upper class apply
Zalmi Bistritzky, CEO of Hasadi Lev, tells "Israel Hayom": "We see many more people who understand that there is a need to restructure their situation, because the cost of living affects hundreds of shekels and more per family, depending on their standard of living and behavior.
It moves people to action.
We see more inquiries from such a target audience.
The situation brings people to a higher awareness, and they turn to us for guidance.
"You can see from the survey that there are two directions of effects: on the one hand, the recovery process resulted in an immediate reduction of current expenses, and on the other hand, we see a large decrease in the provision for savings for children, and we understand that this is the price.
"We are also approached from the upper class. It is also the 7th and 8th deciles who have approached us recently, which was not the case in the past."
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