Originally Posted by bhutocracy

No, nope. Not at all. That's like saying a soda is 1 peso in Mexico. Look at the Big Mac index for example: http://www.economist.com/content/big-mac-index it's $4.37 in America and 2.69 pounds in the UK. Someone on 100k in the UK is substantially richer and able to purchase more in their own country than someone on 100k in the US. 37,174 Big Macs for instance instead of only 22,883 in America, making the guy on 100k in the UK about 62% richer in his own country. A 79k pounds sterling house in the UK is the equivalent of a 128k USD house in America.