Breaking News

Average Canadian Wealthier Than Average American
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Americans beware, our neighbors to the north are slowly becoming wealthier than we are on average. For the previous five years, American households have been exceeded by the average net worth of Canadian households. By more than $40,000 on average, Canadians are wealthier than Americans for the first time in history. The average net worth of a Canadian household in 2011 was $363,202 compared to the U.S. average net worth of a household of $319,970. The data was released by Environics Analytics WealthScapes.

The figures account for the weakness of the economy in the United States at this time along with the strength of the Canadian dollar. The Canadian dollar is almost up to par with the U.S. dollar right now. The figures released ignore the public-sector debt, which is responsible for a higher segment of the GDP in the United States than in Canada. The unemployment rate fell in Canada to 7.2 percent while the unemployment rate in the United States has stayed at 8.2 percent recently.

  
What
Where


Two of the main reasons as to why Canada has become economically stronger than the United States recently include the 2008 recession that hit the U.S. economy and housing market hard. House prices in the United States plummeted, leading real estate in Canada to hole more value than in the U.S.



 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Insurance Defense Trial Attorney/ Senior Counsel

USA-CA-San Francisco

Job description Trial Attorney - Personal Injury Defense Full Job Description Hickey Smith ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top