Average Canadian Now Richer Than Average American

Which country do you think will do economically better in future - United States or C

  • Canada

    Votes: 0 0.0%

  • Total voters
    1
  • Poll closed .

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Average Canadian Now Richer Than Average American

Average Canadian Now Richer Than Average American - as part of the news series by GeoBeats.

The US economic crisis in 2008 made a deep impact on the average wealth of Americans.

With the initial housing crisis and then increase in unemployment meant that we had lower liquid as well as non-liquid assets.

TIME
notes that as a result of our reduced wealth since the great recession,
an average Canadian today is richer than an average American.

So
for the the first time in history, Canadians are wealthier than
Americans — by more than $40,000, on average. In 2011, the average net
worth of a Canadian household was $363,202, compared to $319,970 in the
U.S..

Average net worth is calculating by adding your liquid
assets like checking accounts, real estate holdings like your home and
then subtracting any debt that you may have.

While the US housing prices came down substantially in the last 5 years, Canadian real estate has fared much better.

Also,
unemployment rate in Canada is hovering around 7% while the US is
around 8%. In June 2012, Canada's unemployment was at 7.2% while the US
was at 8.2%.
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Canadians wealthier than Americans: Why?

Well, if you have a younger sibling, it can feel awkward when they suddenly start outperforming you. That's exactly what's happening now with the US, as Canada has overtaken it in terms of wealth and personal prosperity.
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You got wealth decrease, plus America has turn into this militaristic, Stassi like state similar to Nazi Germany with state and private sector surveillance.

I got minders that follow me around like North Korea, it is getting really bad here.





America is not Imperialist...

The Greeks when they conquered a country wouldn't take it over, but require payment of taxes. The imperialism was economic, they didn't care to run the country and take the land. In America, it is giving multinational oil companies contracts.
 
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