- Joined
- Dec 20, 2009
- Messages
- 75,697
- Reaction score
- 39,980
- Location
- USofA
- Gender
- Male
- Political Leaning
- Conservative
Also worth noting is that Canada scores higher than we do on the economic freedom index, and has been slashing their corporate income tax down to less than half of ours.
Gosh, I wonder how they got better than they used to be.
While Americans might enjoy throwing politically-charged barbs at their neighbors to the north, Canadians now have at least one reason to be smug.
For the first time in recent history, the average Canadian is richer than the average American, according to a report cited in Toronto's Globe and Mail.
And not just by a little. Currently, the average Canadian household is more than $40,000 richer than the average American household. The net worth of the average Canadian household in 2011 was $363,202, compared to around $320,000 for Americans...
To add insult to injury, not only are Canadians comparatively better-off than Americans, they're also more likely to be employed. The unemployment rate is 7.2 percent—and dropping—in Canada, while the U.S. is stuck with a stubbornly high rate of 8.2 percent.
Besides a strengthening currency and a better labor market, experts credit the particularly savage fallout from the financial crisis on the U.S. economy and housing market, which torpedoed home values and gutted household wealth. According to the report, real estate held by Canadians is worth more than $140,000 more on average and they have almost four times as much equity in their real estate investments...
Gosh, I wonder how they got better than they used to be.