38Chevy454
Thinks s/he gets paid by the post
Not any surprise, the misery index (defined as inflation rate plus unemployment rate) is rising. Mostly due to inflation part of the equation. The total misery index right now is officially 11.67%, which is above historical avg, but nowhere near the 75 and 80 numbers which reached almost 20% and 22% respectively. The misery index briefly hit 15% one year ago in the depths of Covid shutdowns, which was due to the unemployment numbers shooting up.
While I am feeling inflation in my wallet and budget, I have to say that I am not really feeling the misery as the numbers seem to indicate. I don't like the current trend and would prefer to get inflation under control better. However that may cause a lot of other consequences that would affect me more personally. Currently my biggest issues are supply and cost increases. Plus some labor shortages at places I go to that affect customer service.
Attached chart of the misery index 1948 to present. Interesting to see where the fairly recent times of the 2000 and 2008/2009 market drops didn't have as much effect on misery index as I would have thought.
I guess I am curious what others on the board here feel about misery index?
While I am feeling inflation in my wallet and budget, I have to say that I am not really feeling the misery as the numbers seem to indicate. I don't like the current trend and would prefer to get inflation under control better. However that may cause a lot of other consequences that would affect me more personally. Currently my biggest issues are supply and cost increases. Plus some labor shortages at places I go to that affect customer service.
Attached chart of the misery index 1948 to present. Interesting to see where the fairly recent times of the 2000 and 2008/2009 market drops didn't have as much effect on misery index as I would have thought.
I guess I am curious what others on the board here feel about misery index?