Kamala Harris and the Democrats can continue to stifle Americans with their concerns about the state of the economy. However, every American experience the truth in real time at the fuel pump, grocery shop, and fast food joint. For America’s working people and those on fixed wages who are forced to deal with their declining buying power, prices are rising while wages are stagnant, making things really miserable. And their pain is tangible.
Advertisement
The U.S. Misery Index was created by scholar Arthur M. Okun in the 1970s to measure and estimate the extent of American society’s financial problems. The score is a useful tool for helping Americans and their leaders understand the economic forces that are influencing both their life and the overall economic situation of the nation.
The standard U.S. unemployment rate is added to the U.S. inflation rate to create the score. Although originally coined” the distress index”, now, the sum of these two prices is known simply as the U. S. Misery Index. The more stress or misery does the US economy experience as Americans struggle to make ends meet the higher the U.S. Misery Index. So where does yesterday’s Misery Index have?
U. S. Misery Index = U. S. Unemployment + U. S. Prices
Current , U. S. Misery Index: Unemployment 4.1 % + U. S. Inflation 2.44 % = 6.54 %
At first glance, 6.54 % may not seem high compared to the miserable highs of early 2022, when the index reached 12.73 %. Finally, however, the epidemic contributed to high unemployment, low prices, and record-high home benefits. Now, American households are  , draining their benefits and racking up credit card debt like never before.  ,
Advertisement
Recommended:  , Vance: U. S. Lost 28K Private Sector Jobs Under Kamala
More buyers are concerned about their current and upcoming economic prospects as the score rises. One of two stuff happens as Americans become more concerned about the future: they cut back on spending or use credit to raise private loan. And debt — as our leaders in Washington, D. C. do n’t seem to comprehend — only adds to financial misery.
According to a Harvard Business School report in the Economic Review,” Choices over Prices and Employment: Evidence from Studies of Happiness”, being unemployed causes Americans 1.7 times as much pain as inflation. So, in reality, the U. S. Misery Index may include an increased unemployment amount multiplied by 1.7 and added to prices. However, like most of the government’s false and soon-to-be-downgraded faux happiness economic figures, that is n’t how it’s measured.
If and when former president Donald J. Trump retakes the White House on Tuesday, that will undoubtedly be exciting. Only then will Americans learn the precise figures and how far the Democrats have feigned to go to discredit them for their misfortune over the past four decades.  ,
Advertisement
We know that Biden-Harris broke the business, and Trump can and will correct it because he’s done it before. This is yet another purpose to engage in miserable political debate and encourage our friends and family to cast ballots to restore America.  ,
