Why are Canadians much poorer than Americans?

[Anonymous]

[DryGermanGuy]

Actually the aren't:

USA / Population below poverty line
11.6% (2021) 38 million (2021)
Gini coefficient
49.4 high (2021, USCB
43.4 medium (2017, CBO)

https://en.wikipedia.org/wiki/Economy_of_the_United_States

Canada / Population below poverty line
6.4% (official, 2020; StatCan)
Gini coefficient
0.281 low (2020, StatCan)

https://en.wikipedia.org/wiki/Economy_of_Canada

[handsomelad70]

Thank you, DryGermanGuy.

[douride2]

It depends on how you calculate this. On average person in the US makes more money then a Canadian. In net worth they say a Canadian is better off.

In Canada and the US, Americans actually have higher average salaries than Canadians. The average salary of Americans is $56,690 and it is about $43,867 in Canada.

The average Canadian household had a net worth of $363,202 at the end of last year, versus $319,970 for the average American household. The average Canadian household now looks to be more than $44,000 richer

[virtualwasp]

i would argue the quality of life is better

[handsomelad70]

We're not that much poorer than Americans, and in any case we don't have nearly the chasm between our super rich and everyone else.

[laly520]

they aren't as poor as what u might think

[QuietRunner]

Reparations. Canadians paid theirs

[OtterMan68]

by what metric?