> He supports his wife and three children with his income of about 1500 Rwandan francs per day (about USD $1.73)
My understanding is that raising a child in most developed western countries is just mind-bogglingly expensive. The purchasing power here has to be wildly skewed from the actual FRw/USD forex rate.
What does 1500 FRw look like in USD (or EUR or AUD or, ...), not going by the official forex rate, but normalized for the cost of raising three children? Like the Big Mac Index but a childcare index.
> He supports his wife and three children with his income of about 1500 Rwandan francs per day (about USD $1.73)
My understanding is that raising a child in most developed western countries is just mind-bogglingly expensive. The purchasing power here has to be wildly skewed from the actual FRw/USD forex rate.
What does 1500 FRw look like in USD (or EUR or AUD or, ...), not going by the official forex rate, but normalized for the cost of raising three children? Like the Big Mac Index but a childcare index.