Nobody Told You This About Money | #01 ๐Ÿ‡ฎ๐Ÿ‡ณ India vs ๐Ÿ‡บ๐Ÿ‡ธ USA Why are Indians moving to the US when itโ€™s so much more expensive?

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Nobody Told You This About Money | #09 ๐Ÿ‡ฎ๐Ÿ‡ณ India vs ๐Ÿ‡บ๐Ÿ‡ธ USA

Why are Indians moving to the US when itโ€™s so much more expensive?

The answer is earning power.
๐Ÿ“Œ GDP per person
๐Ÿ‡ฎ๐Ÿ‡ณ โ‚น2.3L
๐Ÿ‡บ๐Ÿ‡ธ โ‚น72.5L
~31ร— higher in the US

๐Ÿ“Œ Cost of living
๐Ÿ‡ฎ๐Ÿ‡ณ Lower housing, food & service costs
๐Ÿ‡บ๐Ÿ‡ธ Higher housing, childcare & service costs

๐Ÿ“Œ Healthcare
๐Ÿ‡บ๐Ÿ‡ธ Much higher healthcare spending
๐Ÿ‡ฎ๐Ÿ‡ณ Much lower healthcare costs, but higher out-of-pocket burden

๐Ÿ“Œ Sanitation
๐Ÿ‡ฎ๐Ÿ‡ณ 63%
๐Ÿ‡บ๐Ÿ‡ธ 97%

So, is the US โ€œbetterโ€? Not necessarily.

India = lower costs
USA = higher earning potential

Migration is often less about living cheaply and more about earning more.

If you had to choose today?

๐Ÿ‡ฎ๐Ÿ‡ณ India
๐Ÿ‡บ๐Ÿ‡ธ USA
๐Ÿ‡จ๐Ÿ‡ฆ Canada
๐Ÿ‡ฆ๐Ÿ‡ช UAE

Nobody Told You This About Money | #01 ๐Ÿ‡ฎ๐Ÿ‡ณ India vs ๐Ÿ‡บ๐Ÿ‡ธ USA Why ... | Ecency