The School of Financial Literacy

The School of Financial Literacy is a project of vital importance concerning the social adaptation and economic well-being of repatriates. 

There is one general problem faced by all new repatriates. The problem has nothing to do with their level of Hebrew, their educational background, their professional skills, in-demand professions, their financial situation, or their age.  

Whoever arrives in Israel begins to live in systems that are different from those he is familiar with in his country of origin. Social, financial, banking, property, pension, tax, insurance, and health systems.

Here is the difficulty! 

The majority of people, having even lived in the country for decades, have not built a proper and fulfilling relationship with state and social institutions. 

Despite the fact that new returnees are full of hope, their process of social integration and economic prosperity is often long and difficult. It is painful for many. Sometimes tragic. 

We, the Yad Yitzchak team, are more aware of this than anyone else due to the many requests for help!

Little has anyone escaped the misery of financial illiteracy. There is a fear of the banking system and an inability to use all of its products. Money losses, some even to bankruptcy, because there was no understanding of how to use insurance correctly.  Another deep disappointment is when retirement age arrives. 

When even the most experienced person automatically turns into a naïve child who begins life all over again. 

Taking into account recent world events and forced mass aliyah, there was an urgent demand to immediately create educational programs to teach new Russian-speaking repatriates. So that each one could fully ensure the financial well-being of themselves and their families.