Fundamentally Transformed: Poorer Than Canada
For the Lightworker, no doubt this is a feature, not a bug.
For the first time in recent history, the average Canadian is richer than the average American, according to a report cited in Toronto’s Globe and Mail.
And not just by a little. Currently, the average Canadian household is more than $40,000 richer than the average American household. The net worth of the average Canadian household in 2011 was $363,202, compared to around $320,000 for Americans.
I have chronicled how Canada has gotten things right for awhile – they reduced government spending, they avoided dumb schemes like Fannie Mae to promote home-ownership to people who shouldn’t own homes, they’ve been signing free trade agreements, they refrained from regulating their banks into the ground, and they’ve exploited their natural resources unapologetically. They’ve even been loosening the government’s grip on healthcare.
They got it right, largely, and we got it wrong, largely. The results are the results.