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U.S. Leads in Purchasing Power Despite Global Per Capita Rankings
The American standard of living remains high, argues Richard L. Lesher, noting World Bank per capita figures place the U.S. sixth, but cost-of-living differences skew comparisons. A Union Bank study of 41 cities shows Tokyo and New York at opposite ends for baskets of goods, wages vary widely, and hours worked to buy a set basket reveal the United States ahead in purchasing power.
MENTIONED IN THIS ARTICLE
World Bank
Kuwait
United Arab Emirates
Qatar
Switzerland
Sweden
Union Bank of Switzerland
Tokyo
Bogota
U.S
Chicago
Los Angeles
New York
San Francisco
Istanbul
Turkey
Madrid
Union Bank
Manama
Bahrain
Oslo
Stockholm
Zurich
Geneva
Copenhagen
Tel Aviv
San
Manila
United States