Looking at our happiness through an economic lens, our metric can be a Misery Index composed of inflation and unemployment.
Recalling the Misery Index and concerns about inflation, we can ask whether economists believe that inflation or unemployment make us sadder.
Wondering why plunging unemployment and sustained economic growth have not lifted our spirits, we need just look at the Misery Index.
Whether looking at great apes or humans, there is evidence that all of us experience a dip in our happiness curves at a similar stage of the life cycle.
The impact of the economy on our voting patterns is about much more than inflation, unemployment, and how much the GDP has grown.
The economic way to demonstrate sadness is to look at misery indexes that use macro data to measure changes in our emotions.
This week’s everyday economics stories involved quantitative easing, monetary and fiscal policy, supply and demand, ROI, GDP, unemployment and inflation.