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Tuesday, February 12, 2008

America's Most Miserable Cities

This is according to Forbes. Ranks are based on the 150 largest metro areas...Factors taken into consideration include: unemployment, personal tax rates, commute times, weather, crime, and "toxic waste dump in your backyward."

"Misery is defined as a state of great unhappiness and emotional distress. The economic indicator most often used to measure misery is the Misery Index. The index, created by economist Arthur Okun, adds the unemployment rate to the inflation rate. It has been in the narrow 7-to-9 range for most of the past decade, but was over 20 during the late 1970s."

1. Detroit, Michigan
2. Stockton, California
3. Flint, Michigan
4. New York, New York
5. Philadelphia, Pennsylvania
6. Chicago, Illinois
7. Los Angeles, California
8. Modestro, California
9. Charlotte, North Carolina
10. Providence, Rhode Island

http://promo.realestate.yahoo.com/americas-most-miserable-cities.html

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