AltaRed
Full time employment: Posting here.
samclem said:If only some Dane (#1 on the "happiness scale") would join this forum and regale us with incessant observations on his superior country. Why can't Canada be more like Denmark? Happy--and blissfully silent.
Maybe because we are your next door neighbours and truly want to provide some alternative options to your current environment for serious consideration. Quite frankly, with few exceptions, I don't see that Canadians gloat about it. They are merely proud of their individual situations...especially at time of retirement.
Canadians generally are forced to save more and be less consipicuous consumers during their working lives in order to pay off non-deductible mortgages. That used to tick me off somewhat when I compared the 'advantage' Americans had. However, that positions Canadians to be more likely debt free and relatively higher net worth at time of retirement.
As Zipper has said, most Canadians can aspire to be debt free by 50 yrs of age if they LBYM. I was mortgage free by time I was 40-41. There is a method to that madness. Course we also don't have to worry about capital gains on our principal residences at any time, including in our estate.