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Canadians richer than Americans for first time in history |
Canadian households are worth
more than their American counterparts by a strong margin for the first time, according
to a report. According to the report by the Toronto Globe and Mail, with a net
worth of 3,63,202 dollars, the average Canadian household is worth 40,000 dollars
more than the average American household, the report said. The average American
household’s net worth is 3,19,970 dollars, the New York Daily News reports. The
average Canadian also has a house ‘worth over $140,000 more’ than their neighbours
to the south, the newspaper reported, giving them “almost four times as much remaining
equity in their real estate.” Their unemployment rate dropped to 7.2 percent last
month, while the American unemployment rate has held steady at 8.2 percent for
the past few months. Canadian consumer confidence is also higher than in the United
States , the report said. The average American has more liquid assets, cash in
hand, than the average Canadian.
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