Jim Hightower - Doug Jones Average

Doug Jones Average

The "Doug Jones Average," a concept created by Jim Hightower, is the proposal that in order to check the true health of the American economy, it is less useful to look at the Dow Jones Industrial Average than it is to check up on how Doug Jones down the street is doing. If Doug Jones is on welfare, cannot feed his family, is blowing his savings, and is three weeks behind on his bills, the Doug Jones average is "down." If Doug just got a raise, can pay his bills and Doug and his family are looking into owning a nice but not too expensive house, the Doug Jones average is "up."