The ‘misery index’ is rising - The Hustle
The Hustle

The ‘misery index’ is rising

This week, the Fed announced the biggest interest rate hike since 1994.

The central bank is trying to fight inflation by slowing the economy down without sending it into a recession.

Whatever happens…

… people are feeling the heat either way. The misery index — a measure that sums up inflation and unemployment rates — is rising dramatically.

The first misery index was developed by economist Arthur Okun, an advisor to President Lyndon Johnson, in the 1970s.

Unrelated, but related: Apparently, it’s a TikTok trend to drive past the Missouri state line while blasting Maroon 5’s “Misery.”

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