The Door is Open to Mexico - What Does a Big Mac Have to Do With Mexico?
Ae you familiar with the Big Mac Index? Economics based on a sandwich --- the infamous Big Mac.
The Economist Magazine (www.economist.com) started the Big Mac Index in 1986 as a semi-humorous way of explaining exchange rates.
Big Macs are everywhere and we can compare the costs. This gives you a fun way to see how far your dollars will go if you are visiting or possibly moving to another country.
Many United States and Canadian citizens are considering Mexico for retirement, a second home or as an investment.
Often the first question is: "How far will my dollars go? What can I buy on my income?"
It is fun to answer that the same Big Mac you can buy in the United States for $3.73 will cost you the equivalent of $2.50 in Mexico.
No wonder so many people want to retire in Mexico.
This series is designed to be interactive. Please send me your questions about Mexico so that I can answer them. For other articles in the series click here.
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