Quote:
Originally Posted by IntenseFan
So Americans per capita share of their public debt (of about $5 trillion - not the 59.1 trillion) is around $16,000 per person.
Canadians per capita share of their public debt (of about $467 billion) is about $14,000 per person.
It still seems like a big difference, but economically speaking, I'm not sure that it is.
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I have to ask if a per capita calculation is truly accurate in the case of a national debt, as opposed to a per person calculation based around contribution to the economy.
In other words a calculation that removes the elderly, the too young to work or those that are unable to work would give a clearer picture of debt repayment.
Also right now the U.S. debt ratio is increasing while theoretically the Canadian debt ratio should be decreasing which could be another economic indicator.
I'm just to lazy to look up the required data.