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$500,000 kids? Debt per Child will explode in Canada

 

General Debt per Child was $279,140USD last year – solid 7th place if you are comparing. With the Feds (and Provinces) setting deficit records, let's peek ahead!

 

Debt per Child (D/C) is General Government (Fed, Provinces) gross debt per child < 15 years (or last birthday 14 or under).

 

Federally: There are 6,038,647 such people in Canada. Let's use the latest estimated Federal Debt this year - $1,744 Billion with Crown Corp debt (EDC, CHMC, etc.) which seems to be missing from last years calculation of D/C!

That's $289,000CAD each.

 

 

Canada is the Sub-National debt world champion though so let's add Provinces but individually.

Ontario's $400B debt (March 2021) for 2,278,617 kids is $175,545. Federal and Provincial Debt per Child in Ontario Canada is $464,350.

 

Quebec = $452,273

Alberta = $406,821

Nova Scotia = $409,662

New Brunswick - $469,052

Saskatchewan = $394,365

Newfoundland = $523,406

($16.4B, 69,964 kids)

 

“Just” debt. Not included in D/C: Pension Obligations and unfunded obligations like the Older Adult Scam (OAS), Health Care, etc.

 

Big caution - worst year ever to peek ahead! Deficits being revised often. Federal Bailouts and lock downs are changing weekly. Bank of Canada supporting Provinces - a first!  I will update D/C by Province in Spring.

Maybe lock downs will increase denominator! With immigration down though, that's a lot of busy.

 

Immoral acts (like stealing children's future earnings) are, understandably, minimized by perpetrators. With government debt, this often involves a comparison to the worst offender. I trust you will hear a lot of “at least we're not Newfoundland” this year as your Country and Province's D/C rises dramatically.

 

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