• Why the Economic Index is Key to Our Economic Health

  • Nov 8 2024
  • Length: 13 mins
  • Podcast

Why the Economic Index is Key to Our Economic Health

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  • Lest We Forget Historical: Economic Index: In this episode of Lest We Forget Historical, host Lillian Cauldwell discusses the Economic Index. What is it? How does it affect you? Why is it so important for us to know? What happens to our economy if the index is too high or too low? Do numbers matter?

    The economic index is a statistical measure of change in a representative group of individual data points. This data is derived from any number of sources, including company performance, prices, productivity, and employment. It tracks economic health from different perspectives. Examples may include the consumer price index, which measures changes in retail prices paid by consumers, and the cost of living index, to name a few.

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