Let's talk about the misery index telling us to be less miserable....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 24 December 2023
⏱️ 5 minutes
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Summary
Let's talk about the misery index telling us to be less miserable....
Transcript
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| 0:00.0 | If just thinking about your bills makes you feel confused and disorientated, |
| 0:05.0 | like your head is full of Raspberry, |
| 0:08.0 | then you need Monzo. |
| 0:10.0 | Download your new favorite bank and pay bills from custom pots. |
| 0:15.0 | Money never felt like Monzo. |
| 0:18.0 | UK Residents Tease and C Supply. |
| 0:21.0 | Well, howdy there, Internet People, bow again so today we are going to talk |
| 0:25.8 | about the economy but we're going to talk about the economy using an index that |
| 0:29.9 | isn't often discussed but for most people it might be the more important one. |
| 0:38.2 | It was developed back in the 1970s and it was originally called something like the Economic |
| 0:43.5 | Discomfort Index or something along those lines. As time went on it |
| 0:51.3 | became known as the Misery Index. The Misery Index is basically adding |
| 0:59.2 | the rate of inflation with the seasonally adjusted unemployment rate. |
| 1:07.0 | It is a useful, if imprecise metric for looking at the economy and how it impacts normal |
| 1:18.9 | people. When a lot of people talk about the economy, they are focused on the overall economic |
| 1:28.4 | health of the nation. |
| 1:30.8 | Understand, a whole lot of money can be changing hands but none of it could be |
| 1:34.1 | reaching the people on the bottom. So those metrics aren't really good for |
| 1:39.9 | understanding where people real economic conditions are for the average |
| 1:49.7 | person. The Misery Index is one of the closest things you get to it. |
| 1:55.8 | Okay, so let's establish a baseline. |
| 2:01.6 | What's the highest the misery index has ever been? |
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