*For reference in interpreting the summary statistics, the calibrated HFD represents approximately 15,349,000 families that collectively possess $10.3 trillion in wealth. Appendix B, Page 19
See also my Household Debt Chart which includes plot overlays of GDP, Net Trade and Foreign Direct Investment to see the trends that have made Canadians prized by the world as consumers with lots of available credit. Our willingness to hock the future, supplies net income to entities outside our "borders" financed and subsidized by our own cheap credit and for over 20 years we have switched to becoming net investors offshore instead of net investors in our own production capabilities. The growing capital flight out of Canada is at the expense of Canadian labour. (Employment Chart).
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'