Hub Podcasts Canada beats the U.S. in quality of life — but for how long?
May 20, 2025
Alicia Planincic, Director of Policy & Economics at the Business Council of Alberta, dives into the intriguing comparisons between Canada and the U.S. She reveals that Canada often leads in health, education, and social well-being, despite some alarming declines. However, Alicia points out that Canadians face economic challenges, especially in income growth, raising questions on financial stability. The discussion delves into the delicate balance Canada must maintain between enhancing economic performance and preserving its quality of life achievements.
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Canada Leads on Quality of Life Metrics
- Canada outperforms the U.S. on 28 of 39 OECD quality of life indicators including health and education.
- However, some traditional strengths like physical health, safety, and social support are worsening for Canadians.
Economic Growth Gap with U.S. Widening
- Economic indicators like income and wealth improved more in the U.S. than in Canada over the last decade.
- Median Canadian incomes and wealth have grown much slower than their American counterparts, impacting perceived economic well-being.
Per Capita GDP Gap Doubles
- The per capita GDP gap between Canada and the U.S. doubled in 10 years to $19,400.
- This growing gap affects Canadians' economic prospects and overall satisfaction negatively.