Quote:
Originally Posted by IntenseFan
Oh, I don't think my simple population to debt calaculation is economically meaningful in the least. There are all sorts of ratios and formulas going into these types of measures that I couldn't begin to understand unless I was an economist.
The reason I did a quick calculation of the per capita / per person share is because that is what that debt clock in Vancouver was doing. It took the total debt, divided it by the population and stated "your share". I always found that to be interesting.
As I recall, when the debt clock started, it was around $20k per person, on the basis of that calculation. It has shrunk significantly (no doubt due to factors such as debt reduction, population increase and perhaps even currency valuation).
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I thought the debt clock started higher then 20k per person.
Its interesting that the Canadian dollar increases should significantly increase the effectiveness of the debt repayment as long as it holds, but it the long term might actually negatively effect the ability to pay the debt down due to the impact on some of Canada's key industries.