There's nothing misleading here. It tells you 75% of the household debt there is relating to housing. So even if you strip out non-housing debt it's still ~12% vs 3-4% for the US.
Canadians spend overwhelmingly more on just housing than we do down here. It's not a strength by any objective metric.
So we have more home ownership, less credit card debt, live longer, better education statistics for the average, almost better QOL metrics across the board, better access to health care for the average person, higher median wealth, and if you look at average savings by age group, USA to America there's not much difference there either.
Think i'll stick to our sparsely populated beautiful country and you guys can enjoy a Tahoe in your driveway and talk about GDP.
And if I drop the patriotism act I have running just because it's fun since most are Americans on here who I legitimately think their first words as a child were Hur yeah America. Either country is is a fine country to live in. For the most part its splitting hairs. There will always be a trade-off for xyz and Canadians are happy trading some GPD in exchange for not being American, or having American values, or frankly your cities and density and all the issues that come with it but also opportunity that comes with those centers of commerce. Can go tit for tat, back and forth, but Americans have their preference , Canadians have theirs. Americans don't seem to understand it , much like I don't understand much of American value or what I consider consumerism.
Would it obviously be synergistic to be one large country holding the majority of the worlds natural resources, obviously. Is that a trade off Canadians want after looking at what America has done to so many parts of its country, I don't think so and nor does the average Canadian. Different values, and Canadians are fine with not raping everything in the name of GDP.
This post was edited by SBD on Mar 27 2025 10:46am