Finance Tip of the Bi-Week

October 12, 2016

You’re in debt more than you think. Did you know that you are in debt $39,425 more than you think you are? As of this morning $39,425 represents the total debt you owe for the privilege of living on Ontario, Canada. The Canadian portion of that $39,425 is $17,614 while the portion for being in Ontario is $21,811 per person? Notice that the Ontario portion of our debt is more than the Federal portion. I was blown away when I saw this.

The USA is much worse. Their Federal per person debt is $60,538 and if let’s say you lived in Michigan one of our neighbouring states you would have to add another $8,566.

Check out these websites for the stats.
http://www.debtclock.ca/
http://www.debtclock.ca/provincial-debtclocks/ontario/
http://www.usdebtclock.org/
http://usdebtclock.org/state-debt-clocks/state-of-michigan-debt-clock.html