Skip to content
Subscriber Only

Hardheaded Socialism Makes Canada Richer Than U.S.

July 16 (Bloomberg) -- On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American.

According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970.