Dont be fooled by the Shekel

I have stopped believing in those zionist pitches that tell you "You might receive less income in Israel, but expenses are significantly less compared to a city like New York City".

I have just finished my day of school and I popped into Arcaffe in Raanana before my haircut. The NIS sitting at $1USD/3.76 NIS might be good for Israeli consumers and buying power, but for foreigners translating NIS into USD, life at least for now seems to be expensive. Looking at sandwich prices at Arcaffe made me realize that one should think about how much the price tag really is. With wages considerably lower than other western economies and expenses being high, how is one to build wealth here?