Despite their numbers, the Haredi community is currently Israel’s poorest – with 60 per cent of all families living below the poverty line. The chief cause is unemployment: 60 per cent of all Haredi men in Israel do not work. Instead, they study Torah full-time, which costs the Israeli economy an estimated $1bn (€775m) in lost income and taxes. But unlike their parents, who enjoyed lavish government subsidies – young Haredi adults are now entering the workplace. They have no choice: Prime Minister Benjamin Netanyahu cut Haredi welfare support by more than 50 per cent during his tenure as economic minister in 2003. Almost a decade later, upwards of 40 per cent of Haredi men and women are now employed in the formal sector – many in hi-tech and software industries. Still, Bank of Israel governor Stanley Fischer says ongoing Haredi unemployment is economically “not sustainable”.