Results tagged “bigmacindex”

Reading about world economies is important, but it can also be dry and boring, which is why the latest Big Mac Index, published by the Economist, caught our eye. The annual Index, which measures "purchasing power parities" around the world, has been around since 1986, but UBS Wealth Management Research has helped shape the more current incarnations. Basically, it estimates how much time an average wage earner must work to make enough money to afford a Big Mac, taking into account local currencies and wages and weighted across fourteen professions and seventy-three international cities.