What do millennial must-haves cost around the world?

Many things have been written about millennials—from their love of selfies and avocado toast to their tech-fueled habits and lifestyle.

While conducting the Prices and Earnings 2018 study, our strategists in the UBS Chief Investment Office (CIO) thought: Wouldn’t it be interesting to know how much the typical millennial shopping basket costs around the world?

So they put together a few things that Generation Y might use (with a few cheeky additions) as "millennial must-haves" in 2018: an iPhone, a laptop, a pair of jeans, a pair of sneakers, a Netflix subscription, a cup of coffee, a Big Mac as a late-night craving and, of course, avocados.

CIO chose 11 cities from around the world for comparison:

Among their findings:

  • Surprisingly, one of the world’s most expensive cities, Hong Kong, is at the bottom of CIO’s list when it comes to millennial goods. For example, the price of an iPhone in Hong Kong is $1,097, only $9 more expensive than in New York, which offers the lowest iPhone price on CIO’s list.
  • If you've read CIO’s story, "What living abroad will cost you in these 13 cities," you know that Buenos Aires is an affordable place for expats. When it comes to the millennial must-haves, however, the Argentinian capital is actually the most expensive city on CIO’s list. The iPhone X is the culprit: It costs a whopping $2,244 there.
  • In Zurich, the iPhone has the third-cheapest price tag on CIO’s list, dropping the expensive Swiss city to fifth place overall. But millennials there will have pretty empty pockets after paying the highest prices for their jeans, Netflix and coffee.

Explore the full rankings for "millennial must-haves" to learn more.

Do you have a financial plan that sets you up for success in any environment? Together we can find an answer. Connect with your UBS Financial Advisor or find one.

Disclosures

Research from CIO GWM is provided by UBS Financial Services Inc. UBS Financial Services Incorporated of Puerto Rico is a subsidiary of UBS Financial Services Inc. In Canada, research from CIO GWM is provided by UBS Investment Management Canada Inc.

The views expressed in the research provided do not constitute a personal recommendation or take into account the particular investment objectives, investment strategies, financial situation and needs of any specific individuals. They are based on numerous assumptions. Different assumptions could result in materially different results. We recommend that you obtain financial and/or tax advice as to the implications (including tax) prior to investing.

UBS Financial Services Inc. is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser and a broker-dealer. UBS Financial Services Incorporated of Puerto Rico is registered as a broker-dealer.

As a firm providing wealth management services to clients, we offer both investment advisory and brokerage services. Advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate contracts. It is important that you carefully read the agreements and disclosures UBS provides to you about the products or services offered. For more information, please visit our website at ubs.com/workingwithus.