Both studies refer only to some few and usually large cities in which UBS and Switzerland have representation. Other indicesThere are some other indices, e.g., the study by the Swiss bank UBS issued about every three years or from the EDA (Federal Departement of Foreign Affairs). In a further evaluation, we compare numerous factors of different countries in order to derive a ranking for the quality of life. However, other factors such as medical care or political stability should also be taken into account. Quality of life in relation to cost of living In the search for a potential adopted country, the cost of living usually has the highest priority. This would correspond to about one-27th of the purchasing power inside the US. Whether it is realistic to survive with a purchasing power index of 3.7 (Haiti) does not matter in this table. Therefore this list should be regarded as a mathematical theorem. It does not take into account the differences between poverty and wealth, as well as prices for goods that do not belong to normal needs. The calculated cost of living index is based on the OECD, the Worldbank, the IMF and Eurostat figures and has been completed by our own researches. In 2022, Filipino households spent around 224.5 billion. Published by Statista Research Department, Sep 11, 2023. In the result, people in Switzerland can afford about 11 percent less than a US citizen. Household consumption expenditure recreation and culture Philippines 2017-2022. Now you calculate the 31% higher costs against the 17% higher income. But the average income in Switzerland of 7,454 USD is also 17% higher, which means that citizens can also afford more goods. That means parents should be earning as much as 75,000 each or 150,000 combined monthly minimum salary to provide for a childs basic, emergency, and long-term needs. With a cost of living index of 131 all goods are on average about 31% more expensive than in the USA. Considering all the childcare costs, raising a child in the Philippines from birth until the legal age of 18 requires at least 25,000 each month or 300,000 a year. If it is lower, the population is less wealthy. If it is higher, people can afford more based on the cost of living in relation to income. The calculated purchasing power index is again based on a value of 100 for the United States. The monthly income (please do not confuse this with a wage or salary) is calculated from the gross national income per capita. 80, the usual expenses in another country are 20% less then in the United States. All other countries are related to this index. Selling, general and administrative expenses of McDonalds 2008-2022 Number of Papa Johns restaurants in the U.S. Cost of living and purchasing power related to average incomeWe adjusted the average cost of living inside the USA (based on 2022) to an index of 100. Largest foodservice companies Philippines 2021.
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