In an era of increasing economic complexity, financial education has become a central pillar in empowering individuals and communities, and greatly assists individuals in making informed decisions about their financial well-being. However, the distribution of financial knowledge and skills is not uniform across all sectors of society, and minority groups often encounter unique challenges in accessing and benefiting from financial education. This report focuses on the state of financial education among Arab society in Israel – a significant minority group that has historically struggled with socio-economic disparities.
The Arab population in Israel, which constitutes approximately 21% of the country’s total population, has long faced economic challenges, including lower income levels compared to the Jewish majority, higher unemployment rates, limited access to financial services, and more. These disparities are not purely economic, but are deeply intertwined with social, cultural, and political factors that shape financial behaviors and attitudes in the Arab community. In this context, financial education emerges as a critical tool for bridging gaps and fostering economic empowerment.
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