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What is another word for misery index?

Pronunciation: [mˈɪzəɹˌɪ ˈɪndɛks] (IPA)

The term "misery index" was introduced in the 1960s by economist Arthur Okun as a measure of a country's economic health. It combines the unemployment rate and inflation rate to give an overall indication of economic misery. In recent years, other terms have been used to describe a similar concept, such as the "economic discomfort index" or the "hardship index". These terms aim to capture the negative impact of economic conditions on individuals and communities. Other potential synonyms for "misery index" might include "economic hardship scale," "fiscal suffering gauge," or "financial distress measurement." Ultimately, whatever the term used, efforts to quantify economic hardship and its effect on society can help inform policy decisions aimed at mitigating its impact.
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A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Misery index

  • I would say to my colleague that the misery index, inflation and unemployment, when added together is the lowest it has been in the last series of Presidents, even going back to Jimmy Carter. So I think the Bush administration is doing a good job.
    Cliff Stearns

Related words: misery index definition, what is the misery index, where does the misery index come from, how is the misery index calculated, what are the factors in the misery index

Related questions:

  • What is a misery index?
  • What is the highest rating on the misery index?
  • Which countries have the highest misery index?
  • Who created the misery index?

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