Similar to how the Big Mac Index works, “Sushinomics uses a popular food item to offer a peek into the socio-economic landscape,” reports Bloomberg.
Currently, “concerns loom large about income inequality, affordability and stagnant wages in the U.S.,” explains Bloomberg, especially when it comes to the employment and life quality prospects for millennials. That’s why it has used its Sushinomics Cost-of-Living Index to “track the price of the standard spicy tuna and California rolls in major metropolitan areas over five years, including 2012 and this year’s election cycle.”
Read: U.S. income gap widened last year
Bloomberg finds “the biggest price surges were in Seattle, Portland and Washington, D.C.” over the last five years. These are “destinations of choice for young graduates and professionals,” it adds.
Click here for more on how sushi prices reveal the cost of living is rising for millennials.
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