UBS Studies Purchasing Power Around the World

A global comparison of purchasing power in 71 cities around the world. Among their findings:

  • Four European cities and Tokyo most expensive.
  • Highest wages in Scandinavia, Switzerland and the US.
  • With the highest net wages, Zurich and Geneva, followed by Dublin, Los Angeles and Luxembourg, lead the pack in purchasing power.
  • People in Asia work the longest hours – almost 50 days more per year than Western Europeans.
  • Asian workers at least partially compensate for low purchasing power through longer working hours.
  • Seoul has the highest, Paris the lowest working hours.
  • Oslo, London, Copenhagen, Zurich and Tokyo are the world’s most expensive cities in relation to a standardized basket of 122 goods and services.

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