OTTAWA--Fresh from reporting the latest on Sheriff Joe Arpaio’s investigations into Barack Obama’s birth certificate, the Drudge Report yesterday shocked its readers with an even more shocking shock story: Canadians Now Richer Than Americans.
The headline ran beneath an Obama election poster from 2008, emblazoned with the slogan (oh irony!): Progress.
The basis for this was a story in U.S. News about a column for Bloomberg View citing a report in the Globe and Mail on a study by Environics Analytics.
The study shows that, indeed, as of 2011 the average net worth of households in Canada had pulled ahead of the United States by about $43,000, or 14%, from a deficit of roughly $60,000 five years earlier.