Should You Watch The Misery Index?

They say that misery loves company.  The misery index was initiated by economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960’s. It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation both create economic and social costs for a country. A combination of rising inflation and more people out of work implies a deterioration in economic performance and a rise in the misery index. (source: www.miseryindex.us) When things are going well like they were in the mid 2000’s, we saw our discretionary income rising and it made it feel like we could afford anything that our hearts desired including real estate, cars, and fancy vacations. When we are in the midst of economic times like those of the mid 200’s, it can really feel like nothing can wrong.  Then we saw the downturn of the market in the late 2000’s, stock ...

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What Should A GenXer Do During These Turbulent Times?

These are one of those unique times where if you're a GenXer (1965-1979), this isn’t the first time you have seen a market take a sharp downturn. You experienced this about 8 years ago with the internet bust. Many of you have college education degrees, MBAs, and you have good jobs, but you're simply asking yourself will I be able to make any money in the stock market in the long haul? Is the economy going to get worse? How do I balance college education savings and think about retirement. ...

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