Lifting the Hood on Oregon’s Transfer Payments | Oregon Office of Economic Analysis

Over the past decade or two, transfer payments have become a larger source of personal income here in Oregon and across the country. Transfer payments are basically benefits paid for by the government for citizens who are generally either older (Social Security) or low-income (SNAP, Medicaid, Unemployment Insurance, etc). As such, this rise in transfer payments can be considered relatively benign — an aging population means more Social Security benefits paid out — or a signal of deeper economic problems — more residents in need of financial assistance. The fact that transfer payments account for a larger share of all income in Oregon than nationwide warrants a bit of further digging to see if we can spot some key issues.

Source: Lifting the Hood on Oregon’s Transfer Payments | Oregon Office of Economic Analysis