Forbes has released its list of the most miserable cities in America. Detroit is at the top.
"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."
"There also exists a Misery Score, which is the sum of corporate, personal, employer and sales taxes in different countries. France took the top spot (or perhaps bottom is more appropriate) with a score of 166.8, thanks to a top rate of 51% on personal incomes and 45% for employer Social Security."
"We looked at only the 150 largest metropolitan areas, which meant a minimum population of 371,000. We ranked the cities on the six criteria above and added their ranks together to establish what we call the Misery Measure. The data used in the rankings came from Portland, Ore., researcher Bert Sperling, who last year published the second edition of Cities Ranked & Rated along with Peter Sander. Economic research firm Economy.com, which is owned by Moody's, also supplied some data."
The top three:
1. Detroit, Michigan
2. Stockton, California
3. Flint, Michigan
Also, see some more thought on this list from Jeffrey Hill at The Next American City by following the related link below.
FULL STORY: America's Most Miserable Cities

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