The average Canadian is now richer than the average American

Watch out, Americans: Your thrifty, socialist neighbors to the north have stealthily become richer than you.

Over the past five years, the average net worth of Canadian households has exceeded that of American households. So for the the first time in history, Canadians are wealthier than Americans - by more than $40,000, on average. In 2011, the average net worth of a Canadian household was $363,202, compared to $319,970 in the U.S., according to Environics Analytics WealthScapes data published in the Globe and Mail. ('Average net worth' measures the total combined value of a household's liquid and real estate assets, minus debt.)

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