Living: Tale of 45 Cities

Moral: the U.S. is cheap

The news may first delight, then bewilder inflation-weary Americans, whose stack of unpaid bills grows every time the mailman calls. According to a study by the Union Bank of Switzerland, citizens in big U.S. cities are substantially better off in terms of what they can actually buy with their wages and salaries than people with similar jobs in metropolises in other countries.

The Zurich-based bank rated 45 cities around the world in terms of their inhabitants' purchasing power, measured by the amount of goods and services that can be bought with their incomes. This was calculated by taking...

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