For the First Time, Canadians Now Richer Than Americans

US News ^ | 7/18/12 | Meg Handley

[Nachum]

Guess they will have to watch for illegal aliens from America now

[Nachum]

The list, Ping

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[Reaganez]

6 years Stephen Harper + 4 years Obama = Soviet Canuckistan >USA

[cranked]

They do not have Obama and his merry ban d of Robin Hood social justice idiots to deal with either. =.=

[mjp]

the average Canadian is richer than the average American

Socialism causes everyone to be equally poor.

[mkleesma]

That’s because they a Conservative government in power, not a bunch of idiot socialists.

Additionally, these results are skewed because of Canada’s real estate bubble - my buddy bought a rundown fixer-upper in a crappy area of Toronto, that was wildly overpriced at $550,000.

[No Truce With Kings]

Obama has fulfilled one campaign promise. He *has* fundamentally changed America — just not for the better.

Obama — the United States’s answer to Juan Peron.

[moonshot925]

This is BS

GDP (PPP) per capita

USA = $48,387
Canada = $40,541

Figures from the International Monetary Fund World Economic Outlook Database

http://www.imf.org/external/pubs/ft/weo/2012/01/weodata/index.aspx

[stubernx98]

Yeah, but they still have to come here for decent Health Care

[goodnesswins]

Well...when you average in all the “immigrants” who’ve come here.....DUH, eh?

[Reaganez]

PPP is BS

Data manipulation to say what you want the data to say.

[LambSlave]

Shouldn’t they ask what is the median net worth? “Average” here is not a useful comparison. Imagine one Canadian family worth $4B dollars averaged with 10,000 families with $0 net worth equals $400,000 average household net worth, versus 10,000 USA families net worth each 320,000... which is better off? Anyone with basic knowledge of statistics would not make this mistake, so I presume it is intentional...

[moonshot925]

The PPP model is not perfect and it can be skewed by fluctuations in prices of services and goods.

But it gives a good long term picture of the standard of living between two countries.

[Sam Gamgee]

As a Canadian I have to say this is comparing apples to oranges. It is like someone making $40,000 in New York would have a diminished standard of living compared to someone making $40,000 in Cheyene, Wyoming. Consumer staples are much much more expensive in Canada. I laugh when I watch those US shows where extreme coupon shoppers walk away with $400 worth of groceries for $20. You just can't do that in Canada. We also haven't seen a correction in our housing prices that the US has seen, and that may be yet to come.

[Sam Gamgee]

Harper really isn’t that conservative. His government has increased government spending in excess of 6% every year since 2006.

[Sam Gamgee]

Yes, and it is politically incorrect to talk about it here, but our care IS rationed.

[Sam Gamgee]

Yes, and it is politically incorrect to talk about it here, but our care IS rationed.

[profit_guy]

Admit it, you’d still rather have Harper at the wheel than Obama....

[La Lydia]

“Thanks Obama.” More change that isn’t exactly what he promised.

[Sam Gamgee]

LOL I guess that is a no-brainer...