Canadians Richer Than Americans: How’d That Happen? Can You Say Fannie Mae?

For the first time ever, or in a very long time, the average Canadian household is worth $40,000 more than the average American household. Way to go Democrats! Canada is deep trouble with debt, just as we are, but they are still way richer. $40,000 per household on average!

 The average Canadian has quietly become richer than the average American. Over the past five years, net worth per Canadian household has exceeded net worth per American household (total combined value of liquid and real estate assets minus debt) for the first time.

Currently, the average Canadian household is more than $40,000 richer than the average American household. (According to the latest Environics Analytics WealthScapes data, the average household net worth in Canada was $363,202 in 2011; in the U.S. it was $319,970.) And these are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback. Furthermore, these figures ignore public-sector (government) debt that presumably people on both sides of the border or their children will some day have to pay. Such debt is higher in the U.S. as a percentage of GDP than it is in Canada.

It’s all about housing and the values of our homes, historically our largest asset. Read the full story here.

Actually, if you take housing out of this, with half of Americans paying nothing toward the betterment of this country, while receiving food stamps and not needing to move their rears off the sofa to collect, add the Occupy Roach Motels across the country where no one works, many smoke dope, all run customers away from businesses, and far too many of them rape and far too many of them put themselves in a place to be raped, while police are busy shutting down their sidewalk kitchens because HHS says they must, well…maybe it’s time to move to New Zealand, because I don’t see this changing anytime soon unless Republicans grow up and get over their elitist Cover-My-Ass governing.

If you don’t yet have your brain sparking on the right cylinders, Democrats are responsible – directly responsible, specifically Representatives Barney Frank, Maxine Waters and Senator Chris Dodd. Track the mess of Fannie Mae and Freddie Mac here and see the Financial Crisis Timeline here. Graphic Credit Ryan Heffernan / Aurora Photos Thanks to incredible western sculptor, my friend David Lemon who has a phenomenal website. Visit him here.

Linked at Frugal Cafe – Thanks Vicki – read the latest on the hokey pokey of tax increases!

Linked at Grumpy Opinions, who always has one: no matter where you come down on natural born citizenship, you should read this article.