Canadians wealthier than Americans, for the first time. Conservative government to blame.

The Legatum Institute reports Canada is now the sixth most prosperous nation on earth and the US has fallen to 12th.  We're ahead in seven of eight areas including personal freedom and security. Hover over the map to see the differences. As Powerline comments:

"For the first time in history, the average Canadian is wealthier than the average American. Canada has a conservative government, and they have passed us like we are standing still."

and

"The U.S.’s slippage is being driven by “a decline in the number of US citizens who believe that hard work will get them ahead.” Well, they’re right: in Barack Obama’s America, hard work doesn’t cause you to get ahead; being politically connected does. We are all paying the price for the corruption of the Age of Obama".

h/t powerlineblog from instapundit from smallbiztrends from Legatum linking the October survey results.
This is a feel-good Canadian story with eight prosperity parameters but there's a caveat:  Housing prices in Canada are in a bubble as Mish Shedlock points out.