Financial education program for soldiers in need launched by IDF, Bank of Israel, nonprofits
The program aims to ease the burden of financial difficulties and debt as young men and women transition from military service into the workforce.
The Bank of Israel, alongside the Class Actions Fund and the IDF Manpower Directorate, has launched a financial education program specifically for IDF soldiers struggling with financial challenges. Hosted by the Bank of Israel on Wednesday, the program aims to provide personalized guidance to approximately 4,500 soldiers over the next three years.
The program, which began in March 2026, has already engaged around 600 soldiers. Each participant receives tailored support, including assistance in creating a budget, managing income and expenses, accessing financial rights and tools, and utilizing dedicated digital platforms. The goal is to help soldiers free themselves from debt, gain control over their finances, and establish a solid financial foundation for the future.
The program is operated by Pitchon Lev nonprofit, in collaboration with RiseUp, and HaTashtit nonprofit, in partnership with Citizen Impact, following a thorough evaluation process. This program integrates personal guidance with technological tools to offer continuous, accessible help customized to each participant's needs.
Bank of Israel Governor Prof. Amir Yaron emphasized the importance of this initiative, stating that it ensures young soldiers, who dedicate significant years to serving the country, do not enter civilian life burdened by financial difficulties or debt. Yaron highlighted that financial education and access to responsible financial management tools are crucial for enhancing individual and economic resilience.
IDF Chief of Staff Maj.-Gen. Dado Bar Kalifa expressed the program's aim to equip soldiers with the knowledge and tools necessary for better financial decisions as they transition to civilian life. He highlighted that the initiative provides soldiers with essential tools to enter civilian life better prepared.
Yaakov Sheinman, the Class Actions Fund chairman and a retired judge, described the initiative as a significant social investment. He emphasized that providing soldiers with tools for responsible financial management would give them a stronger foundation to build a stable financial future. Sheinman also noted that the initiative is part of a broader series of programs funded by the Class Actions Fund to foster responsible financial and consumer behavior across various segments of Israeli society.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
