Skip to comments.Canadians Richer Than Americans For First Time In History
Posted on 07/16/2012 10:47:06 PM PDT by tsowellfan
Americans may enjoy teasing and taunting their neighbours to the north but now the jokes on them.
For the first time in recent history, the average Canadian is richer than the average American.
The net worth of the average Canadian household in 2011 was $363,202 compared to the average American households $319,970 worth, according to data published in Canada's Globe and Mail last month...
(Excerpt) Read more at dailymail.co.uk ...
Teasing and taunting? Stop projecting, and keep dreaming, UK. You must overcome that jealousy issue. You folks in the UK have more important things to worry about.
Thank you Lord Obama.
Good for them, thanks Obama!
Much of that net worth is in overvalued residential real estate. Oil at $90 then boosts the CAN/US exchange rate. Camadian oil exports to the U.S. will double over the next eight years. On the other hand, oil could go to $40 fast in a recession. These are the variables.
They have Harper, we have Obama. Not that complicated to understand.
The next step down in the Americas will put us under some Latin American country (whichever one that would be). I wonder how long it will take Obama to reach that objective.
Oh, so socialism gets the credit according to this Marche guy.
Do you think we could work a trade?
Energy Revolution 2: A Post Post-American Post (Important!)
Kneel before me!
Canadians use to be 15% of my sales. Because of the massive shrinkage of our US sales and the giant increase from Canadian accounts they are now over 60%. I thank God everyday for Canada and so do my employees.
Maybe all our illegals will move to Canada.
What do you sell?
“Do you think we could work a trade”
And penalize the people of Canada who had the good sense NOT to elect a leftist last time around (unlike the USSA)?
Amazing, considering the population of Canada is 10% of ours.
There is a silver lining to this. Now when other nations say the rich nations should spend more to solve the worlds problems, they won’t be talking about us.
and there you have a benchmark that Americans can understand. First time ever and it happened under BHO’s leadership.
If Barry gets a second term, Mexico will pass us.
That works both ways. In fact, I'd suggest that the average "net worth" of someone here in the U.S. has been over-estimated for years.
One big difference between the U.S. and Canada is that the banking system up north isn't very conducive to the kind of real estate bubble driven by idiotic lending standards like we've had here in the U.S. Lending requirements were always tighter up there, and have actually gotten even tighter in recent months under some changes in Canadian banking regulations.
The real issue here is that the U.S. dollar has declined considerably against the Canadian dollar in recent years. Ironically, the "net worth" of your average American is being suppressed by his/her own government's fiscal policy.