07 Apr '17, 4am

Is Singapore really the world’s most expensive city? -

Retail clerks in Singapore have a habit of forcing receipts into your hand whether you want them or not. As a result, every Singapore resident occasionally cleans out their wallet or purse, only to discover a horrifying stack of receipts where once there was money. There’s no doubt this can be a very expensive city. But is it the most expensive? Well, that’s debatable. Distorted perspectives Last month, the Lion City hit the headlines again when The Economist Intelligence Unit (EIU) placed it atop its Worldwide Cost of Living index . However, this index was set up for a specific purpose. It’s designed for human resources departments to figure out the cost of sending employees on business trips or to work overseas, often in a high-paying job. Arguably, people with expense accounts don’t spend like the rest of us Arguably, people with expense accounts don’t spend like the re...

Full article: http://www.bbc.com/capital/story/20170407-is-singapore-re...

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