AtlanticWire: Canadian Households Worth $43K More than US

[ellis]

...on average.

http://www.theatlanticwire.com/national ... nes/54652/

Our neighbors to the north have reason to gloat: Canadians are on average wealthier than Americans. In a column for Bloomberg View, Stephen Marche points out that Environics Analytics WealthScapes data shows how in 2011 the net worth of the average Canadian household was $363,202 compared to the average American household at $319,970. That gives the average Canadian $43,232 more than the average American. As Michael Adams, who reported the figures last month in The Globe and Mail notes: "these are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback." Adams writes that real estate in Canada is worth on average over $140,000 more than that in America, and "Canadians hold more than twice as much real estate as Americans and, once mortgages are factored in, have almost four times as much remaining equity in their real estate." That said, he adds that America's "liquid (non-real estate) assets are still greater than Canadians’." And that's not all: Marche notes that while Canada's unemployment rate has fallen to 7.2 percent, America's was stuck at 8.2 percent.

[Hokahey]

So what this really boils down to is that the value of a home in Canada is worth more than in the US. But we still have more money than them.

[Larry B.]

So what this really boils down to is that the value of a home in Canada is worth more than in the US. But we still have more money than them.

That's pretty relative. You just keep printing more money.

[Hokahey]

So what this really boils down to is that the value of a home in Canada is worth more than in the US. But we still have more money than them.

That's pretty relative. You just keep printing more money.

True, but I'd wager very little of that money winds up as liquid funds in the bank.