Blink: This month, I have been watching a series about our recent Presidents. The latest has been about President Reagan and Reaganomics. Reminded me of an article I read recently about Sushinomics.
Read On: In English, the cost of sushi (e.g., spicy tuna and California rolls) has become an informal way to measure the spending power of Millennials. No longer an exotic treat, but more of a grab-and-go lunch. Some economic forecasters believe that Sushinomics offer a snap shot into the socio-economic landscape of our economy, especially for working middle-class young adults. The index was conceived in 2011. New York and Los Angeles are the most expensive cities for sushi; Seattle exhibited the greatest cost increase – an annualized 5.3 percent.
Sushinomics, sounds like a fishy new economic indicator.