Join John Adams, world renowned Intl Matchmaker, Thurs nights 8:30 EST for Live Webcasts with FREE Prizes!
And check out Five Reasons why you should attend a FREE Live AFA Seminar! See locations and details.


Scam free! Check out Christian Filipina - Meet Asian women with Christian values! Members screened.
Exclusive book offer! 75% off! How to Meet, Date and Marry Your Filipina Wife



View Active Topics       Latest 100 Topics       View Your Posts       FAQ Topics       Switch to Mobile


Canadians have higher net worth than Americans

Discuss culture, living, traveling, relocating, dating or anything related to North America. For those looking to relocate within the US or Canada, discuss your experiences and pros/cons of each domestic region.

Moderators: jamesbond, fschmidt

Canadians have higher net worth than Americans

Postby zboy1 » Sun Jul 22, 2012 4:41 am

http://www.bloomberg.com/news/2012-07-1 ... -u-s-.html
On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American.

According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970.

A few days later, Canada and the U.S. both released the latest job figures. Canada’s unemployment rate fell, again, to 7.2 percent, and America’s was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair.

The difference grows starker by the month: The Canadian system is working; the American system is not. And it’s not just Canadians who are noticing. As Iceland considers switching to a currency other than the krona, its leaders’ primary focus of interest is the loonie -- the Canadian dollar.

As a study recently published in the New York University Law Review pointed out, national constitutions based on the American model are quickly disappearing. Justice Ruth Bader Ginsburg, in an interview on Egyptian television, admitted, “I would not look to the United States Constitution if I were drafting a constitution in the year 2012.â€￾ The natural replacement? The Canadian Charter of Rights and Freedoms, achieving the status of legal superstar as it reaches its 30th birthday.



Looks like Canada is an example of a country that has successfully used both liberal and conservative policies to help the country grow. Their unemployment rate is much lower than the United States (7.2% to 8.2% for the United States.). Unlike the U.S., Canada heavily regulated their banks and did not allow their major banks to merge into giant banking institutions resulting in a giant financial crisis. Canada also has a universal health care system and charges very low tuition in their colleges and universities. Yet, Canada also instituted corporate tax cuts (corporate tax in Canada is only 16.5%) and massively cut government spending during their economic crisis during the 90s. During that time, Canada cut welfare and social services and streamlined government bureaucracy. My question is...Why can't the U.S. learn from the Canadian example of how to properly run a country?



Canada Crushing America In...

"According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household's net worth was $319,970.

A few days later, Canada and the U.S. both released the latest job figures. Canada's unemployment rate fell, again, to 7.2 percent, and America's was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair."



[youtube]http://www.youtube.com/watch?v=ZVrEHfbDMms&feature=relmfu[/youtube]




Canadians are richer than they think

http://www.theglobeandmail.com/commenta ... le4380634/
zboy1
Elite Upper Class Poster
 
Posts: 4441
Joined: Thu Oct 04, 2007 4:33 am







Re: Canadians have higher net worth than Americans

Postby OutWest » Sun Jul 22, 2012 5:45 am

zboy1 wrote:http://www.bloomberg.com/news/2012-07-15/hardheaded-socialism-makes-canada-richer-than-u-s-.html
On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American.

According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970.

A few days later, Canada and the U.S. both released the latest job figures. Canada’s unemployment rate fell, again, to 7.2 percent, and America’s was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair.

The difference grows starker by the month: The Canadian system is working; the American system is not. And it’s not just Canadians who are noticing. As Iceland considers switching to a currency other than the krona, its leaders’ primary focus of interest is the loonie -- the Canadian dollar.

As a study recently published in the New York University Law Review pointed out, national constitutions based on the American model are quickly disappearing. Justice Ruth Bader Ginsburg, in an interview on Egyptian television, admitted, “I would not look to the United States Constitution if I were drafting a constitution in the year 2012.â€￾ The natural replacement? The Canadian Charter of Rights and Freedoms, achieving the status of legal superstar as it reaches its 30th birthday.



Looks like Canada is an example of a country that has successfully used both liberal and conservative policies to help the country grow. Their unemployment rate is much lower than the United States (7.2% to 8.2% for the United States.). Unlike the U.S., Canada heavily regulated their banks and did not allow their major banks to merge into giant banking institutions resulting in a giant financial crisis. Canada also has a universal health care system and charges very low tuition in their colleges and universities. Yet, Canada also instituted corporate tax cuts (corporate tax in Canada is only 16.5%) and massively cut government spending during their economic crisis during the 90s. During that time, Canada cut welfare and social services and streamlined government bureaucracy. My question is...Why can't the U.S. learn from the Canadian example of how to properly run a country?



Canada Crushing America In...

"According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household's net worth was $319,970.

A few days later, Canada and the U.S. both released the latest job figures. Canada's unemployment rate fell, again, to 7.2 percent, and America's was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair."



[youtube]http://www.youtube.com/watch?v=ZVrEHfbDMms&feature=relmfu[/youtube]




Canadians are richer than they think

http://www.theglobeandmail.com/commenta ... le4380634/



The explanation is much simpler. Canada is still in the throes of a huge housing bubble, the US is not, as its housing bubble has gone bust. That fact alone easily accounts for the difference in average financial net worth of families. A house that is worth $1 million in Vancouver BC might be worth only $200,000 in Phoenix metro. I have friends who own houses in both places- they are astounded at the
difference. Another friend from Calgary recently bought a condo in Arizona for about $120,000, after looking at comparable condos in Canada for over $400,000.

Against that backdrop, an average difference in household worth of about $43,000 is not much. Otherwise, Canada is doing some smart things along the way. They have controlled immigration, improved business climate, and most of all, they were smart enough to
put their country over vast oil deposits- they are now the largest single source of imported oil for the US, so those Yankee dollars are headed back north like a flood.


Outwest
OutWest
Veteran Poster
 
Posts: 2059
Joined: Sat Mar 19, 2011 7:09 am
Location: Asia/USA

Re: Canadians have higher net worth than Americans

Postby zboy1 » Sun Jul 22, 2012 6:05 am

OutWest wrote:
zboy1 wrote:http://www.bloomberg.com/news/2012-07-15/hardheaded-socialism-makes-canada-richer-than-u-s-.html
On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American.

According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970.

A few days later, Canada and the U.S. both released the latest job figures. Canada’s unemployment rate fell, again, to 7.2 percent, and America’s was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair.

The difference grows starker by the month: The Canadian system is working; the American system is not. And it’s not just Canadians who are noticing. As Iceland considers switching to a currency other than the krona, its leaders’ primary focus of interest is the loonie -- the Canadian dollar.

As a study recently published in the New York University Law Review pointed out, national constitutions based on the American model are quickly disappearing. Justice Ruth Bader Ginsburg, in an interview on Egyptian television, admitted, “I would not look to the United States Constitution if I were drafting a constitution in the year 2012.â€￾ The natural replacement? The Canadian Charter of Rights and Freedoms, achieving the status of legal superstar as it reaches its 30th birthday.



Looks like Canada is an example of a country that has successfully used both liberal and conservative policies to help the country grow. Their unemployment rate is much lower than the United States (7.2% to 8.2% for the United States.). Unlike the U.S., Canada heavily regulated their banks and did not allow their major banks to merge into giant banking institutions resulting in a giant financial crisis. Canada also has a universal health care system and charges very low tuition in their colleges and universities. Yet, Canada also instituted corporate tax cuts (corporate tax in Canada is only 16.5%) and massively cut government spending during their economic crisis during the 90s. During that time, Canada cut welfare and social services and streamlined government bureaucracy. My question is...Why can't the U.S. learn from the Canadian example of how to properly run a country?



Canada Crushing America In...

"According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household's net worth was $319,970.

A few days later, Canada and the U.S. both released the latest job figures. Canada's unemployment rate fell, again, to 7.2 percent, and America's was a stagnant 8.2 percent. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair."



[youtube]http://www.youtube.com/watch?v=ZVrEHfbDMms&feature=relmfu[/youtube]




Canadians are richer than they think

http://www.theglobeandmail.com/commenta ... le4380634/



The explanation is much simpler. Canada is still in the throes of a huge housing bubble, the US is not, as its housing bubble has gone bust. That fact alone easily accounts for the difference in average financial net worth of families. A house that is worth $1 million in Vancouver BC might be worth only $200,000 in Phoenix metro. I have friends who own houses in both places- they are astounded at the
difference. Another friend from Calgary recently bought a condo in Arizona for about $120,000, after looking at comparable condos in Canada for over $400,000.

Against that backdrop, an average difference in household worth of about $43,000 is not much. Otherwise, Canada is doing some smart things along the way. They have controlled immigration, improved business climate, and most of all, they were smart enough to
put their country over vast oil deposits- they are now the largest single source of imported oil for the US, so those Yankee dollars are headed back north like a flood.


Outwest


There are many reasons for the higher net worth, whether it's due to a housing bubble, commodities boom, or better business policies from the government. But you can't deny that Canada is an overall better country than the United States in almost all aspects--except for the women (Canadian women are just as bad as American women) and the weather (very cold during the winter).
zboy1
Elite Upper Class Poster
 
Posts: 4441
Joined: Thu Oct 04, 2007 4:33 am


Return to North America, Domestic Relocation

Who is online

Users browsing this forum: No registered users and 1 guest