Work Hard, Play Hard? How the U.S. Stacks Up
Looking around the world, who works the most hours?
Looking around the world, who works the most hours? Makes the most money? Has the most leisure time? Or shells out the most for rent?
Take a look at our comparisons of some common workplace, quality-of-life and cost-of-living indicators from capital cities around the globe.
Most Time on the Clock
Though workweeks vary in different cities, happy hour clearly starts earliest in Berlin, at least based on hours worked. Or maybe Berliners just get to sleep in longer. In places where six-day workweeks are typical -- in Israel, for example -- lengthy midday breaks, half days on Fridays or Saturdays or an otherwise more flexible schedule are commonplace.
Most Personal Time
Not surprisingly, given that they work the fewest hours, Germans have the most time to spend on themselves during the week. Berliners spend two-thirds of their day enjoying leisure and personal activities: exercising, shopping, nightlife and whatnot, as well as sleeping, eating and other nonwork pursuits.
The Biggest Paycheck
No surprise that Tokyo's workers, who clock the most hours, also take home the largest paychecks. At the other end is New Delhi, where the average accountant's salary is $7,740 a year, a reflection of the significantly lower cost of living in a still-developing country.
Most Paid Leave
Shown here is the federally mandated minimum number of days of leave that employers must offer employees. The numbers don't include paid holidays, which tack on 10 days or so, on average. Note that the U.S. does not mandate paid leave as do other countries. However, private employers give American workers an average of 10 days of paid time off a year.
Longest Wait for Retirement
This slide shows how many years the average 24-year-old worker can expect to work until retirement at the current average retirement age. Keep in mind that the retirement age is bound to go up by the time young workers are ready to retire, since these average retirement ages are deemed too low in nearly all of our countries.
Note that under today's standards, a young professional in Tokyo will have to work a full eight years longer than his or her counterpart in Athens.
Priciest Rent
Average rent as shown here is for two-bedroom digs in a trendy, convenient part of town. It's a good thing that folks in Tokyo earn the highest salaries because they need them to put a roof over their heads. The average rent in the city is nearly 50% higher than in the runner-up, London.
Highest Cost of Filling the Tank
Despite the rising cost of gasoline in the U.S. in recent years, the average retail cost of a gallon of gas in Washington, D.C. -- $3.37 -- is much lower than in its capital counterparts throughout the world. Ankara is the standout here, with gasoline costing drivers a whopping $9.54 a gallon (yes, we converted liters to gallons). Drivers in countries belonging to the European Union are subject to several dollars in value-added tax and fuel taxes, whereas drivers in the U.S. pay 48¢ a gallon on average for state and federal road levies.
Most Expensive Groceries
In New Delhi, groceries cost on average 38% less than they do in Washington. In Tokyo, a resident pays about 35% more for groceries than someone in Washington pays.
Highest Youth Unemployment
Sure, it's not easy for college grads to find work in Washington -- or elsewhere in the U.S., for that matter -- but they have an easier time of it than their counterparts in Madrid. High unemployment rates among educated young people are helping to fuel many of the protests around the world, including the Occupy Wall Street movement in the U.S.
-
Starbucks BOGO and New Sweet and Spicy Drinks
For a limited time, Starbucks is announcing four new "swicy" drinks that are both spicy and sweet.
By Kathryn Pomroy Published
-
Stock Market Today: Dow Slips After Travelers' Earnings Miss
The property and casualty insurer posted a bottom-line miss as catastrophe losses spiked.
By Karee Venema Published
-
7 Things Medicare Doesn’t Cover
Healthy Living on a Budget Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. But Medicare Advantage has problems, too.
By Donna LeValley Last updated
-
12 Places to Retire If You're Sick of the Heat
places to live Some like it hot; others not so much. Here are the 12 best places to retire if you can't stand the heat.
By Stacy Rapacon Published
-
The 10 Cheapest Countries to Visit
Despite inflation, there are some areas where the strong dollar will definitely work in your favor.
By Quincy Williamson Last updated
-
15 Ways to Prepare Your Home for Winter
home Now that fall is officially here, it's time to prepare your home for cold weather.
By Donna LeValley Published
-
Six Steps to Get Lower Car Insurance Rates
insurance Shopping around for auto insurance may not be your idea of fun, but comparing prices for a new policy every few years — or even more often — can pay off big.
By Donna LeValley Published
-
10 Things You Need to Know About Retiring to Florida
Making Your Money Last If Florida is part of your retirement plan, we offer up a few tips to help you find your way.
By Bob Niedt Last updated
-
6 Ways to Boost Your Credit Score — Fast
Tips for boosting your credit score quickly, starting with paying down your credit card debt.
By Lisa Gerstner Last updated
-
The 50-30-20 Budget Rule: A Simple Way to Save Money
Saving Using the 50-30-20 budget rule is an easy way to save. It helps you prioritize saving while paying off debt.
By Erin Bendig Last updated