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Bernanke says data doesn't tell the whole story

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Monday, August 06, 2012

Federal Reserve Chairman Ben Bernanke says while data shows the economy is in recovery, many Americans are still struggling.

Bernanke says that while measures of consumer spending, income and wealth point to improvement, "many individuals and households continue to struggle with difficult economic and financial conditions."

Bernanke says statistics can sometimes hide important information. He said there has been interesting developments in the study of "well-being" and cited the Kingdom of Bhutan, which abandoned tracking gross national product in 1972 in favor of a measure of happiness.

Read more at OregonLive.com.

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