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  • Our Economies

    I came across this article: http://money.ca.msn.com/investing/ga...entid=29516186 that I thought may be of interest to some given the political debate happening in the USA as to whether the wealthy should pay more taxes.

    Here is a summary of the debt per person in a few major countries:

    India: $195
    Japan: $19,000
    Canada: $30,000
    USA: $45,000
    Germany: $58,000
    France: $75,000
    UK: $144,000

    Our and previous generations have certainly lived beyond our means and have left a financial mess for our next generations.
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  • #2
    For more up to date info check
    http://www.usdebtclock.org

    $46K per citizen and $129K per taxpayer.

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