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Rob Carrick’s Reader: How socialism made us richer than Americans

What’s described as our "hard-headed socialism" gets some credit for making us richer than Americans, as does our good fortune in having lots of oil and other resources.

Chris Wattie/REUTERS

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

How socialism helped make us richer than Americans
A commentary on how it is that Canadians are now wealthier on average than Americans. What's described as our "hard-headed socialism" gets some credit here, as does our good fortune in having lots of oil and other resources.

Are you a wealth sharer?
Why some people aren't as forthcoming with financial advice and recommendations.

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Nice clothes on the cheap
Tips for clothes shopping at a consignment store, where people take used clothing to have it sold on their behalf. The store takes a cut of the selling price and the owner gets the rest.

The financial hits and misses of 2012 so far
A look at how some of the financial predictions for this year are doing.

What's the best piece of financial advice you ever had?
I asked the 15,000 people in my Facebook personal finance community this question and got dozens of answers. Take a look, and then subscribe to my Facebook feed if you haven't done so already.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998.Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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