If we know one thing for certain about Generation Z, it is that their diet exclusively consists of avocados, Big Macs and coffee. They shop for blue jeans and sneakers on their brand-new iPhones and only meet up with friends in the real world to Netflix and Chill.
This at least, is what analysts of UBS may believe according to the product basket they compiled in order to measure the cost of living for millennials in different cities around the world. Certainly, even though the surveyed products paint an incomplete picture of a teen’s material necessities, they nevertheless are items which matter to youngsters around the world.
In Hong Kong, teenagers live especially cheap mainly because iPhones, notebooks and sneakers are manufactured just around the corner. New York, Toronto and London rank far below Buenos Aires and Johannesburg, cities with relatively low average living costs.