A better way to measure

The news of the record shattering 33.1% annualized gross domestic product growth in the U.S. in the third quarter of 2020 seemed, to many people, like a farce. It’s not that the data — reflecting the rebound from an abysmal spring and summer — was technically wrong. It’s that it bore no resemblance to most people’s lived experience. At a time of a massive public health crisis, long lines at food banks, record-breaking hurricanes, glaring racial disparities and mounting feelings of stress and anxiety, no one wants to hear about the historic triumph of an abstract number that’s supposed to tell …

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HEDGE accordingly