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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 437.23

+3.8%

Jan 20 4:00 PM EST

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Cogito Ergo Sum

To: bart13 who wrote (141064)	4/30/2018 1:17:01 PM
From: louel	1 Recommendation Read Replies (1) of 219578

Looks terrible on the surface. But when you look deeper Canadian households can afford greater debt than their US counterparts. No where in Canada do any person have to pay hospital , medical or surgical treatment. As of July 1 2018 no Canadian resident will be charged any medical insurance premium BC the final province to provide fully funded medical. Also Canada provides generic prescription drugs. Do the same job but at a far lesser cost. Such as Cancer center treatments, joint replacements, operations, and psychiatric consultations are no cost. Many more benefits like these that are free to Canadians but are charged for in the US. No charge education through high school and subsidized trade & university education. Students can receive a degree for $50,000 or less using available grants and government education loans. The loans are up to 50% forgivable relative to marks achieved. My RCMP son acquired two degrees prior to joining the force, A Major in criminology and another in Business administration. My daughter with a minor in physiology and a bachelor in law. Utilizing financial avenues available to them to assist with the costs. Were left with a bill in the $20,000 dollar range. Their decision to study rather than party paid handsomely They both attended BC's Simon Fraser University. Today it may be a bit higher due to inflation. But the grants and initiative programs designed to promote higher education have also became larger and more plentiful. I personally know of two reasonably wealthy individuals who pre arranged for there holdings to become a managed education grant system upon their demise which would help students entering the same industry where they had been. It would hard to imagine a US student ending up with a bill that low. In reality the picture has more elements to it than just number comparison of household debt to income. It has be considered more relative to where and what the income has to be allocated to. You always have to view the larger picture before coming to any conclusion.

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