Household Debt
Canada hit a record high in the first quarter of 2011, reaching $1.5 trillion in household debt. If spread evenly across Canada, that means every family with two children has $176,461 in debt.

In the U.S., household debt hit $11.5 trillion by the end of March this year. The average household debt in the U.S. for a family of four is $148,000.

Student Debt
Loans owed to Canada Student Loans amount to nearly $14 billion and rising. In the U.S., where tuitions are considerable higher, loans owed exceed $932 billion, including federal and private loans.

Public Debt
With their debt ceiling raised again, the U.S. has more than $14 trillion in government debt in the first quarter of 2011. Canada has more than $563 billion. That figure works out to 84 per cent of Canada’s GDP, compared to 58.9 per cent for the U.S.

Personal Debt
In the first quarter of 2011, the average Canadian had more than $3,500 in credit card debt, according to TransUnion Canada. In the U.S., the average American consumer owes more than $4,200 in credit card debt.

Home Prices
As of June 2011, the median cost of a home in Canada was $372,000. Vancouver, Victoria and Toronto are some of the most expensive places in the country to buy a house. Prices in the U.S. vary more than they do in Canada. As of June, the median price of a home in the Northeast was $261,000, while the median price in the Midwest was $147,000. The median in the South was $159,100 and in the West, it was $240,400.

The average price of a home in the UK is £232,628 as reported by their first quarter in 2011, which converts to around CAD $371,000.

Personal Bankruptcy
In 2010, there were more than 1.5 million non-business bankruptcy filings in the U.S. In the same year, there were only 92,694 personal bankruptcies in Canada. That means there were 48 bankruptcies per 10,000 people in the U.S., and 28 bankruptcies per 10,000 in Canada.