Americans are growing more and more pessimistic about the country as the worsening numbers in the ‘misery index” show.
The numbers show that Americans have thoroughly soured on Biden and the Democrats and that is very bad news for Democrats just ahead of the 2022 midterm elections.
The misery index is just another example of how bad Americans are doing.
Per Just the News:
Created by the late economist Arthur Okun, the misery index became widely known in the 1970s and early 1980s during the presidencies of Jimmy Carter and Ronald Reagan. It adds together two measures of economic pain — the unemployment rate and inflation for consumers — to give a sense of the economic distress felt by everyday Americans.
The index hit 11% in November and December and reached 11.5% last month — higher than any month in 2008 when the Great Recession began and just behind its highest levels in late 2009 and early 2010 when unemployment was around 10%. The current level is the highest in a decade, not including the early days of the COVID-19 pandemic.
Just the News added:
Yet, Americans aren’t feeling good about the economy. Only 23% say the economic conditions in the country today are good or excellent, while 37% say they’re poor, according to a Gallup poll from last month.
CNN’s most recent poll on the economy found that 75% of Americans are worried about the state of the economy in their own community and 63% say the U.S. economy is in poor shape.
There is far more at Just the News, too.
Suffice to say, Americans are not very optimistic about the country.
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