Is the purchasing power of 1,000 yuan in China and 1,000 US dollars in the United States the same?

In China, one thousand RMB is not enough to cover a semester’s tuition for a child, but one thousand US dollars is almost enough to cover a semester’s tuition for two children. In the United States, one hundred dollars can provide a week's living expenses for a family of four, including fruits, vegetables, including meat and aquatic products. With the same income, the direct living expenses for daily food and clothing are much cheaper if consumed locally. Ordinary people are under great pressure from property taxes, medical care, education, maintenance and other expenses.

The comparison is: the amount of daily necessities purchased with 1,000 US dollars and 1,000 RMB; the ability to purchase a house with 1,000 yuan; and the ability to purchase a car with 1,000 yuan. The last item is invisible purchasing power: the ratio of benefits per 1,000 yuan. Only in these aspects can the real purchasing power gap be compared.

How much does it cost to buy a pistol in the United States? Can you buy it with more money in China? And if there are no guns in the American home, there will be no sense of security. If there are guns in the country, there will be no security! Don't always be better than others. If you are worse, others may also envy us. Of course, Americans have a natural sense of melancholy, but we just need to live our lives well, otherwise you have the money to go to the United States!

The price of American services provided by Americans must be very high. Otherwise, how can American people make money? , basically all industrial products are provided by China and other developing countries, which can be exchanged for printed banknotes, and of course the price is very low! As living standards improve, services needed in life will account for a higher and higher proportion of expenditures, and money will become less valuable. But people's income will become richer and richer.

Price in the United States is indeed cheaper than in China, especially daily necessities such as food, clothing, and housing. Some people like to compare U.S. dollars to RMB. This is wrong, because in the United States, what is spent is U.S. dollars and what is earned is also U.S. dollars. A distant relative of mine once had hot pot in the United States, and the shrimp was only $2.99 ??a pound, and it didn’t include ice. The clothes I usually wear cost a few dollars or more than a dozen dollars, but rarely hundreds of dollars. Housing prices in New York are much cheaper than in Shanghai. You can buy a small villa for US$800,000. 800,000 RMB is just enough to buy a bathroom in Shanghai.

There is no comparison in terms of food. Because what Americans eat and what Chinese eat are not the same food at all. How much does it cost to deliver a takeaway? How much does a taxi cost? Don’t just compare food, but also compare other aspects. How much does housing, medical care, and education cost? If anyone knows, please let me know.

House prices in the United States are not as high as in China, but real estate taxes in the United States are higher and must be paid every year. Therefore, real estate in the United States is permanent property. As long as you pay taxes on time, it will always be your family property. Real estate in China is only 70 year, but the one-time purchase cost is higher, but there is no property tax now. The United States is a country with a high tax burden. This high tax burden refers to the high taxes levied on high-income earners rather than on low-income earners. The government then uses the money as price subsidies, so prices in the United States are low. Some countries levy high insurance taxes on low-income people, and then use the money to build bridges and roads to collect tolls, or provide subsidies to wealthy people to invest and develop.