Community and Government

Misery Index Explained: What Is the Misery Index?

Written by MasterClass

Last updated: Oct 11, 2022 • 4 min read

The misery index is a metric economists use to gauge a society’s overall economic well-being. By using the index, they get a bird’s-eye view of how much the average person might be struggling. Learn how inflation and unemployment rates influence the misery index and why some economists critique the metric.