The 1970s Misery Index was crafted to measure suffering and economic distress among America’s working and middle class. Tim's new research expands the index and shows that economic conditions, combined with drug and alcohol use and rising crime rates, have Coloradans and all Americans facing unprecedented depths of despair.
Tim's research combines inflation and unemployment figures, drug and alcohol deaths, crime rates, and home affordability (housing price index divided by median household income levels) from 2000 through April of this year.
The result is a stark illustration of how the American condition has rapidly declined since President Joe Biden took office.
The Misery Index is designed to be 100%, while values above 100% are worse than average (more misery) and values below 100% are better than average (less misery). The higher the index climbs, the more miserable the circumstances consumers are facing.
Inflation has spiked from 1.28% to 8.22% nationwide since Trump’s last month in office, and in Colorado it jumped from 1.52% to 7.63%. By April of this year, the Misery Index had spiked to 163.2% nationwide, and 164.4% in Colorado.
What is needed now are thoughtful solutions and quick action by Congress to fix the economy, secure our border, and get crime under control. This includes putting a check on Biden’s reckless spending that’s fueling inflation, cracking down on drug trafficking at the border, and reclassifying fentanyl from a misdemeanor to a felony. Tim Reichert is the only candidate who has a plan to address these issues. View Tim's Handshake with the Middle Class here.
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