It's true. For the first time EVAH*, Canadians are now richer than Americans. True, I'm not really feeling it myself personally despite reducing my debt ratio considerably over the last few years. Nevertheless, relatively speaking, I'm probably better off compared to the average American than before Obama became president.
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.
While Canada weathered the recession better than the United States, has a lower unemployment rate, a conservative government and Nobama, things aren't all peachy here either. However, it goes to show you how poorly the Democrats have mismanaged the recession and botched the recovery. They just wouldn't get out of the way and let the economy recover naturally. Way to go guys.
It won't be long before the Occupy crowd decide to Occupy Canada as part of the 1%.
*Apparently EVAH in this case means recent history.