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Thursday, October 20, 2011

U.S. 'Misery Index' Rises To Highest Since 1983

Ballooning prices and painfully high unemployment have created a miserable economic situation for many Americans. 
The misery index--the sum of the country's inflation and unemployment rates--rose last month to a 28-year high as Americans struggled with rising inflation and high unemployment.

The last time the misery index was at current levels was in 1983.
Consumer prices rose 3.9 percent in the 12 months through September, the fastest pace in three years.

FOX Business complied this chart which shows how the misery index has fluctuated since 1980.

source