One way might be to measure average incomes against cost of living. The economy is healthy if the majority of incomes are going up faster than the costs of living are.
Another might be the percentage of adults who are collecting incomes, based against the average of incomes. (Effectively, a more accurate unemployment figure).
Another way might be to measure the average amount of savings individuals hold. Or, their assets, excluding homes and automobiles.
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I would propose that the stock market is probably the worst way to measure economic health. Because the vast majority of the population owns no stock themselves but must be customers of these companies, so the vast majority of the population only suffers when stocks price changes for any reason (both when it goes up, and when it goes down).
One way might be to measure average incomes against cost of living. The economy is healthy if the majority of incomes are going up faster than the costs of living are.
Another might be the percentage of adults who are collecting incomes, based against the average of incomes. (Effectively, a more accurate unemployment figure).
Another way might be to measure the average amount of savings individuals hold. Or, their assets, excluding homes and automobiles.
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I would propose that the stock market is probably the worst way to measure economic health. Because the vast majority of the population owns no stock themselves but must be customers of these companies, so the vast majority of the population only suffers when stocks price changes for any reason (both when it goes up, and when it goes down).