Posted on 12/24/2023 9:59:14 AM PST by Kaiser8408a
Have a holly, jolly Christmas! Despite it being far more expensive under Bidenomics.
The ‘Misery Index’ is near its lowest level since pre-COVID, but Misery Index masks the true horrors of Bidennomics: 20% higher food prices, 19% higher rents and 61% higher gasoline prices under Bidenomics.
Americans should be in a better financial position heading into the holidays, according to a famous formula developed in the 1960s under President Lyndon Johnson.
The sum of U.S. unemployment and inflation – known as the “misery index” – fell to 6.8% in November from 7.5% the previous month. That’s the lowest since the summer and fast approaching pre-Covid levels.
The misery index is calculated by adding up the current unemployment rate (3.7%) and the inflation rate (3.1%). The formula provides a simple way to gauge whether the well-being of Americans is improving or not.
Misery peaked in April 2020 when the index spiked to 15%, the highest since 1982. Conditions have improved since the early onset of Covid, but it hasn’t been smooth sailing.
A separate sentiment survey from LSEG/Ipsos paints an even less enthusiastic picture of the average consumer.
The December primary consumer sentiment index—which measures Americans’ attitudes toward jobs, investments, the economy, and personal finances—declined from November and was only up slightly compared to 12 months earlier.
According to the survey, attitudes toward the current situation, investments, and jobs “showed significant declines this month.”
So, while the Misery Index indicates that the inflation RATE has slowed, it masks the fact that Americans are far worse off under Bidenomics.
(Excerpt) Read more at confoundedinterest.net ...
But their cell phones work. That is what matters.
It just means that, being in misery is now normal.
The rats removed food and energy from the inflation calculation and MSM let them.
I think groceries have increased a lot more that 20%.
Illegal invasion
Soaring national debt
Every soaring national deficit
Ever present drug abuse
A failed education system
A failed medical system that touts to be the best in the world but is only the most expensive
Bankrupt Social Security, or soon to be bankrupt
Bankrupt or soon to be so Medicare and Medicade
Absolutely crumbling roads and bridges
Untreated mental disease
A crumbling military nearly destroyed by WOKE and DEI
Perversion at just about every corner
Crumbling churches, crumbling family units
Lack of meaningful jobs making things
Human trafficking and abuse
Loss of prestige globally because of our fecklessness and weakness
Never mind the worthlessness of the dollar and inflation
Crime doesn't just continue, it gets worse
Lawfare has made a mockery of our political system
The deepening fraud and massive expense of all that is climate change
There is more but what's the point? I've made it and blunted it. We have not hit rock bottom yet but noting is happening to slow, stop or reverse the fall.
I continue my challenge; name one thing gooberment has done to make anything better or less expensive. Forty years ago Reagan asked the same thing and still has not gotten an answer either.
This is without question the worst point for me personally economically.
Keep tellling me how great it is. Sure don’t see it
“It just means that, being in misery is now normal.”
That and it used to be called “tightening the belt.”
wy69
It should be rent. Not rents. You don’t say the rents is due.
Lies, Damned Lies, and Statistics.
Unemployment numbers they cite don’t account for millions of slackers who aren’t looking for jobs because welfare pays better.
Inflation number is distorted as mentioned above.
In WA state, our gas prices were around 4.99 just a few months ago. At the same stations, they are now at 3.69. IDK what happened, but I suspect that the State quit charging the $.50 a gallon, for carbon tax. They did this, because of signature gatherers, who worked their butts off, and got tax initiatives, including the carbon climate tax on the ballot for a vote. They back off, to make it easier to sell that it is saving the planet, and LOOK, the price per gallon isn’t even affected, they prices came down.
NEVER UNDERESTIMATE the devious nature of the Communists.
I was feeling good about buying gasoline today for $2.73 a gallon. Then I remembered in 2019 it was below $2.00 a gallon.
Apparently, something happened in 2020 to cause gas prices to rise.
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