Economic Problems Understated by the Government

According to an ever-increasing number of financial experts, the multitudinous problems that America is facing — rising gas prices, the cost of food, unemployment, and inflation — are being experienced much more severely than what the government is stating in its reports. These experts believe that the figures being released by the Feds are understated in comparison to other real-world reports.

In measuring the degree of economic strife that the country is facing, the values for inflation and unemployment are combined to add up to what is aptly called the “Misery Index”. This Misery Index is then generally used in citation during times of great economic turmoil, such as those America saw during the 70s and 80s of the last century.

A notable number of people are afraid the US may been coming close to reaching those levels of ‘Misery’ again in regards to the amount of strife that the economy has been faced with for over the past 12 months. However, the current official value of the index is around 9, which is not too far from the approximate total of 6 that was the reported value for 1998.

Economists that are skeptical of the Government-published values are even more worried. These individuals believe that by using other real-world measurements to obtain a Misery Index, one would see that the actual value is somewhere in the teens of figures, a score that is premonitory of the records set in the early 80s. In addition, the same economist experts believe the values set forth by the government are highly exaggerated and are intended to instill a false sense of optimism regarding the economy.

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