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.’
In a column for Bloomberg View, Stephen Marche, a Canadian novelist, sets out to explain how his country has stealthily crept up to overtake the U.S. in terms of a household’s average net worth.
Read more from this story HERE.
Photo credit: _Shward_