Tag Archives: Income

Study: Many Americans don’t have enough assets to withstand 3 months without income

A new study from Oregon State University found that 77% of low- to moderate-income American households fall below the asset poverty threshold, meaning that if their income were cut off they would not have the financial assets to maintain at least poverty-level status for three months. The study compared asset poverty rates in the U.S. […]
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Rich Americans spew more carbon pollution at home than poor

Rich Americans produce nearly 25% more heat-trapping gases than poorer people at home, according to a comprehensive study of U.S. residential carbon footprints. Scientists studied 93 million housing units in the nation to analyze how much greenhouse gases are being spewed in different locations and by income, according to a study published Monday in the […]
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Income emerges as a major predictor of coronavirus infections, along with race

State Library Ed. Note: If you cannot access this story via the link below, state employees can access this Washington Post story HERE via the State Library’s subscription to the US Newstream database. Alternatively, state employees can contact us for access: library.help@state.or.us or 503-378-8800. Lower-income seniors are substantially more likely to develop the disease, a federal report finds. Income is a […]
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Oregon allocating $8.5 million for rent relief

You will be able to apply for help paying rent if you have experienced loss of income due to COVID-19. The COVID-19 pandemic has put many families into sudden and unprecedented financial hardship. Between businesses being closed for nearly two months, furloughs, and mass layoffs, some families may not be able to pay their rent, […]
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U.S. Orders Up To A Yearlong Break On Mortgage Payments

Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners […]
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Malheur County ranks last in state for per capita personal income, averaging $30,992

Malheur County ranked 20th among Oregon counties in terms of population but in terms of per capita personal income it ranks 36th. That is part of a report by Christopher Rich, economist with the Oregon Department of Employment, which included per capita personal income data from Baker and Union counties. The data comes from the […]
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Food for Thought: Shifting Drivers of Growth? | Oregon Office of Economic Analysis

Like the nation overall, Oregon is transitioning down to more sustainable rates of growth. Job gains are roughly in-line with what underlying demographics suggest the state needs to hold the unemployment rate steady. Eventually the cyclical drivers of growth will slow further and gains will be driven by productivity and the number of workers. Historically […]
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Aging Oregon Part 3: Income and Tax Revenue | Oregon Office of Economic Analysis

Welcome back to the occasional series where our office will explore some of the demographic, economic, and societal impacts of an aging population. Previously we looked at overall demographic trends, and the generally improving health of retirees. Future posts are set to examine the impacts on housing markets, retirement homes, and some public policies.  Source: Aging Oregon Part […]
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Oregon’s millionaire’s club is larger than ever, but the ‘typical’ Oregonian’s income is stuck in neutral: report

For a lot of Oregonians, the Great Recession still lingers to a troubling extent. In the 10 years since the severe economic downturn officially ended, the typical Oregonian’s annual income has increased by only $2,500. Source: Oregon’s millionaire’s club is larger than ever, but the ‘typical’ Oregonian’s income is stuck in neutral: report – oregonlive.com

Oregon is Producing New Millionaires Faster Than Any Other State, Think Tank Says

Meanwhile, everybody else is getting left behind as income inequality widens to the biggest recorded gap. The Oregon Center for Public Policy, a left-leaning think tank, this week released two reports that provide new information about the rapid growth of wealth in this state—and how unequally that wealth is distributed. First, OCPP reported, newly-release IRS […]
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