Well, it finally happened. As of July 1, 2012, the average Canadian is officially richer than the average American. I knew I shouldn’t have drunk all those Blue Lights! Damn you, Labbatt Brewing Company! You and your delicious, low-priced beverages have fooled me for the last time! From TheWeek.com:
Canadian households held a net worth of $363,202 in 2011, according to Environics Analytics WealthScapes' recently released data, while U.S. households had $319,970. Canada's unemployment rate also ticked down to 7.2 percent, versus the stagnant 8.2 percent in the U.S.
If you click the link above, you’ll see some of the suspected reasons for this shift. I, however, have a different theory. It’s not socialism or health care that makes Canadians rich. It’s the exchange rate. When I was a kid, I’d go to Canada, hand them $5, and get like $4,000 in return. It was awesome. I felt rich carrying around a huge stack of cash, even though I knew Canadian bills were essentially Monopoly money. Now, the exchange rate is practically even. Some would say the U.S. dollar has weakened while Canadian currency has gained strength. I think Canada is just lying to us. “Here’s a dollar, eh, our currency is the same value as yours, dontcha know?” Meanwhile Canadian money is still worth one-tenth as much as ours, and we’re happily handing them all our nation’s wealth. I know what you’re thinking: “But Canadians are so nice!” Exactly… it’s all part of their plan.