Someone once said, “Statistics are like bikinis. What they reveal is suggestive but what they conceal is vital.” And we don’t really know what these upcoming statistics reveal or conceal and how vital they are to anything but they are interesting. The ubiquitous iPod has its admirers and detractors but what if everybody in the world bought an iPod nano? Well, let’s make that, what if everyone in the Western world did. How many hours of work do they need to put in to afford such an item?
In New York and Zurich, nine hours. In Los Angeles and Sydney it’s nine and a half hours. Though it would seem that Californians should get a better deal. In Miami, Dublin, Geneva and Luxemburg, they need to work ten hours for that. But in Oslo it’s ten and a half hours. Copenhagen, 11. Chicago, 11.5 hours. Tokyo, 12. Helsinki, 12.5. Munich, Frankfurt and other German cities more with Berlin being the highest at 14. No word on how many hours the people in India and China need to work for the same iPod nano, but maybe they’re making they’re own anyway.
Continuing to look at statistics led to the question: In this economy, what are Americans spending their money on? It turns out that the statistical world doesn’t quite turn on a dime to produce current numbers so most recent figures are from 2008. And here goes: Around 42.2 billion on air travel and 57 billion on lodging. Apparel spending was at 87.7 billion with no figures on clothing sold at garage sales. Electronics spending was at $154.7 billion. So it seems we like our technology more than our clothes or clothes are cheaper. Auto parts and service was at $159.4 billion. But we spent a whopping $394.9 billion at restaurants. Apparently, as a country we run on our stomachs.
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