o'bamanomics - 5 Decades low & 28 Years high ('The Week', 4Nov11, p.34, Eonomy)

Quote from 'The Week' magazine, 4Nov11 issue, p.34, under Economy:

Economy: Standard of living falls at fastest rate ever

"Another week, another grim U.S. economic statistic, said Ron Scherer in CSMonitor.com.  Americans' standard of living has "fallen longer and more steeply over the past three years" than at any time since the U.S. government began measuring it five decades ago.  The average American has $1,315 less in disposable income now than in 2008.  Another economic indicator, the so-called Misery Index, which is the sum of the country's unemployment and inflation rates, also hit a 28-year high."

related: http://www.csmonitor.com/Business/The-Daily-Reckoning/2011/1022/The-new-American-standard-of-living

related: http://www.csmonitor.com/Business/2011/1019/A-long-steep-drop-for-Americans-standard-of-living

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The US Misery Index
 High:      21.98 June 1980
Current:  11.99 November 2011
Low:          2.97 July 1953 

 MI (11.99) = UR (8.6) + IR (3.39)

(source: http://www.miseryindex.us/default-pda.asp)

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