- Prison Planet.com - http://www.prisonplanet.com -
For the First Time, Canadians Now Richer Than Americans
Posted By admin On July 18, 2012 @ 3:39 pm In Featured Stories | Comments Disabled
U.S. News & World Report 
July 18, 2012
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.
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.
Full story here.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/for-the-first-time-canadians-now-richer-than-americans.html
URLs in this post:
 U.S. News & World Report: http://www.usnews.com/news/articles/2012/07/18/for-the-first-time-canadians-now-richer-than-americans
 Toronto’s Globe and Mail: http://www.theglobeandmail.com/commentary/canadians-are-richer-than-they-think/article4380634/
 Most Canadians, Americans skipped H1N1 vaccine last year: http://www.prisonplanet.com/most-canadians-americans-skipped-h1n1-vaccine-last-year.html
 When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone Else: http://www.prisonplanet.com/when-the-rich-get-richer-it-doesnt-raise-all-boats-it-sinks-the-standard-of-living-for-everyone-else.html
 Two Al Qaeda gunmen found dead inside Algeria gas plant were ‘Canadians’: http://www.prisonplanet.com/two-al-qaeda-gunmen-found-dead-inside-algeria-gas-plant-were-canadians.html
 Rich Get Richer When Governments Tout Austerity: http://www.prisonplanet.com/rich-get-richer-when-governments-tout-austerity.html
 US Homeland Security now tracking medical records of Canadians: http://www.prisonplanet.com/us-homeland-security-now-tracking-medical-records-of-canadians.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.