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Smug AND rolling in money: Canadians richer than Americans for first time in history

 
12.21.12
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07/17/2012 07:48 AM
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Smug AND rolling in money: Canadians richer than Americans for first time in history
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 household’s $319,970 worth, according to data published in Canada's Globe and Mail last month
That gives the average Canadian $43,232 more than the average American. And the Globe and Mail pointed out 'these are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback.' [link to www.dailymail.co.uk]
Anonymous Coward
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Hong Kong
07/17/2012 07:50 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Those numbers probably do not take into account the fact tat Canada's Real Estate market has not collapsed in Canada(yet) and taken peoples storage of wealth with it.
Anonymous Coward
User ID: 7465905
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07/17/2012 07:50 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.

God save the Queen!



PS: She's on your money, why?
12.21.12 (OP)

User ID: 9992933
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07/17/2012 07:55 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
I always wanted to live in Canada
maryjane of earth
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07/17/2012 07:57 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
And we have the best free medical health system in the world. So socialist-capitalist is not that bad.
Anonymous Coward
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Canada
07/17/2012 07:58 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
It must be really shit in the states then, cuz we pay MUCH higher taxes here than in the US.
Anonymous Coward
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07/17/2012 07:59 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.

God save the Queen!



PS: She's on your money, why?
 Quoting: Anonymous Coward 7465905


That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.

God save the Queen!



PS: She's on your money, why?
 Quoting: Anonymous Coward 7465905


She the head of state in canada
12.21.12 (OP)

User ID: 9992933
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07/17/2012 07:59 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
and they have great fishing , hardly no muslims if any , what a great place to live
12.21.12 (OP)

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07/17/2012 08:15 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
bump
Anonymous Coward
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Hong Kong
07/17/2012 08:17 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
It must be really shit in the states then, cuz we pay MUCH higher taxes here than in the US.
 Quoting: Anonymous Coward 1918583


It actually is not that much higher in a lot of cases.

But yeah, it is really shit in the states. Mortgagegate pretty much ruined the wealth stores of two generations or more.

It is a shame they are too distracted to bring people to justice.
Anonymous Coward
User ID: 13376778
Canada
07/17/2012 08:23 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
I always wanted to live in Canada
 Quoting: 12.21.12


It sucks here, buddy.

I am an American and right now I'm stuck here, but if I could do it again, I wouldn't.

I miss the USA!
Anonymous Coward
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07/17/2012 08:23 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
and they have great fishing , hardly no muslims if any , what a great place to live
 Quoting: 12.21.12


This country has TONS of Muslims.

Muslims in Canada are like Mexicans in the US.
Anonymous Coward
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Canada
07/17/2012 08:25 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Toronto is like mini-Saudi Arabia.
12.21.12 (OP)

User ID: 9992933
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07/17/2012 08:29 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
thanks for the pin
12.21.12 (OP)

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07/17/2012 08:29 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
thanks for the pin
Wilde_at_Heart

User ID: 19612192
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07/17/2012 08:29 AM

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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Those numbers probably do not take into account the fact tat Canada's Real Estate market has not collapsed in Canada(yet) and taken peoples storage of wealth with it.
 Quoting: Anonymous Coward 19669732


Thread over in one.

You got it!!!
canadian oldster

User ID: 476586
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07/17/2012 08:31 AM

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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
depends where you live. I live in northern ontario and the population is small compared to cities. One black family, native indians and whites is about the extend of the races here, however just got word the other day our local closed sawmill is going to reopen by a rich man from India. He is going to transition the mill for Rayon production from paper pulp. Also a chinnese company is looking at the other idle mills, interesting.
Anonymous Coward
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07/17/2012 08:34 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Those numbers probably do not take into account the fact tat Canada's Real Estate market has not collapsed in Canada(yet) and taken peoples storage of wealth with it.
 Quoting: Anonymous Coward 19669732


This guy gets it.

Just spoke to my RA lawyer yesterday. he says he sees a drop in real estate of at least 25-30% !!
Anonymous Coward
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07/17/2012 08:35 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
depends where you live. I live in northern ontario and the population is small compared to cities. One black family, native indians and whites is about the extend of the races here, however just got word the other day our local closed sawmill is going to reopen by a rich man from India. He is going to transition the mill for Rayon production from paper pulp. Also a chinnese company is looking at the other idle mills, interesting.
 Quoting: canadian oldster


and they will ONLY HIRE CHINEESE AND INDIANS. AND MAYBE THE BLACK.

JUST YOU WAIT AND SEE.
omar

User ID: 19645887
United Kingdom
07/17/2012 08:38 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.
God save the Queen!
PS: She's on your money, why?
 Quoting: Anonymous Coward 7465905

Canadians,Brits, Ozzies are all Commie bastards.
Yanks are Nazi Nancy boys.
bushhitler
:spyda:
Anonymous Coward
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07/17/2012 08:43 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Thank the Chinese overlords for buying up everything and living here.
Anonymous Coward
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Australia
07/17/2012 08:45 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Beginning of the end for BABYLON..
Anonymous Coward
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07/17/2012 08:47 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
It must be really shit in the states then, cuz we pay MUCH higher taxes here than in the US.
 Quoting: Anonymous Coward 1918583


Depends on where you live in the U.S. There are big differences between regions, states, metro areas, etc. I know many rural areas aren't doing well and have lower incomes, BUT, their cost of living is very low. I doubt if this 'study' took this into account. $300,000+ can go a LONG way in some parts of the U.S., especially rural areas of the south and midwest where the economy is particularly poor, but the cost of living is very low. $300,000 would be worth far less over-all in places like Vancouver or say Boston, where I live.

Where I live [Boston] the metro unemployment rate is 5%. The state unemployment rate is I think something like 6.2%. It's the rural part of the state that's really hurting, but this has been true since before the 2008 collapse.
Anonymous Coward
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07/17/2012 08:50 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Those numbers probably do not take into account the fact tat Canada's Real Estate market has not collapsed in Canada(yet) and taken peoples storage of wealth with it.
 Quoting: Anonymous Coward 19669732


This guy gets it.

Just spoke to my RA lawyer yesterday. he says he sees a drop in real estate of at least 25-30% !!
 Quoting: Anonymous Coward 14806750


+1

It does have a lot to do with the real estate bubble.
12.21.12 (OP)

User ID: 9992933
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07/17/2012 08:53 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
And we have the best free medical health system in the world. So socialist-capitalist is not that bad.
 Quoting: maryjane of earth 1028241


Canadian F
FATMANGOBOOM

User ID: 14376568
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07/17/2012 08:55 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
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 household’s $319,970 worth, according to data published in Canada's Globe and Mail last month
That gives the average Canadian $43,232 more than the average American. And the Globe and Mail pointed out 'these are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback.' [link to www.dailymail.co.uk]
 Quoting: 12.21.12


Be careful of the bull shit...

There is a lot of people hurting up here...
Anonymous Coward
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United States
07/17/2012 09:00 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
And we have the best free medical health system in the world. So socialist-capitalist is not that bad.
 Quoting: maryjane of earth 1028241


Canadian F
 Quoting: 12.21.12


No it doesn't. I've traveled and lived outside the U.S. From my own personal observations, France probably has the best public/private heathcare system. Germany is pretty good too. Neither have a single payer system like Canada. In the U.S. Romneycare in Massachusetts actually works pretty well, but it's not a single payer system either.
Anonymous Coward
User ID: 506563
Canada
07/17/2012 09:04 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
I like where I live.
FATMANGOBOOM

User ID: 14376568
Canada
07/17/2012 09:07 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.

God save the Queen!



PS: She's on your money, why?
 Quoting: Anonymous Coward 7465905


Because she is the head of our Country that is all...

We are part of the common wealth which has a lot of benefits for this country...

She Opens our Parliament and is head of our military....

Some people here are loyal to the crown and will always be...

they import many people from other countries to one day hold a vote to become a free country...

Politically that will hurt us so much... it will kill our stand in the world and it will cut off many ties that Canada needs... through the common wealth..
maryjane of earth
User ID: 1028241
Canada
07/17/2012 09:15 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.

God save the Queen!



PS: She's on your money, why?
 Quoting: Anonymous Coward 7465905


That is awesome news!
The US can start an import of all American welfare leeches and dump them into Canada's socialist system where they can bleed it dry.

God save the Queen!



PS: She's on your money, why?
 Quoting: Anonymous Coward 7465905


She the head of state in canada
 Quoting: Anonymous Coward 19940245


Because we like her. And she is still Good looking. I will hate to see the face of Harper on my money.
Anonymous Coward
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Canada
07/17/2012 09:16 AM
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Re: Smug AND rolling in money: Canadians richer than Americans for first time in history
Yep! We're not only proud of that fact, we're smug about it.

News