Occupy Portland - Reference info-statistics

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OCCUPY PORTLAND PRESS INTERVIEWS
PORTLAND AND OREGON ECONOMIC NUMBERS
October 2011


UNEMPLOYMENT
  • U.S. rate: 9.1% (Aug 2011)
  • Oregon unemployment 9.6% (Aug 2011); hardest hit jobs: construction, government, leisure and hospitality, trade, transport, utilities
  • Portland (Vancouver-Hillsboro): 9.1%
Source: http://www.qualityinfo.org/olmisj/OlmisZine


ENTRY LEVEL WAGES (PORTLAND)

Annual averages:

  • Dishwasher/cafeteria/housekeeper ~$21k
  • Retail/service/cook/custodial ~$25k
  • Laborers/freight ~$27k
  • Clerks/teacher asst/tellers ~$29K
Source: http://www.qualityinfo.org/olmisj/Regions?page=3&area=000002


PROFESSIONAL LEVEL WAGES (PORTLAND)

Annual averages:

  • Post-secondary teachers ~$83k
  • Registered nurses ~$79k
  • Civil engineers ~$78k
  • Computer specialists ~$77k
  • Landscape architects ~$67k
Source: http://www.qualityinfo.org/olmisj/Regions?page=8&sort=W&areatype=05&area=000002&startnum=91#regoccs


WAGE INCOME INEQUALITY (OREGON)
  • (2009) The gap between people who earned $32,993 annually (50th percentile) to people who earned $152,576 (98th percentile) widened 4.62-to-1.
  • Higher-earners have gained more since 2003 while lower-earners did not keep up with inflation and had a negative change in real wage values.
Source: http://www.qualityinfo.org/olmisj/ArticleReader?itemid=00007471


COLLEGE TUITION INCREASES (2011)

Undergraduate, resident, 12 credits per term:

  • University of Oregon 9% increase. Tuition, fees, room, board = $11,514
  • Oregon State University 8.1% increase. Tuition, fees, room, board = $11,814
  • Portland State University 9% increase. Tuition, fees, room, board = $9,735
  • Eastern Oregon University 5.5% increase. Tuition, fees, room, board = $9,694
  • Southern Oregon University 6.8% increase. Tuition, fees, room, board = $10,584
  • Western Oregon University 5.1% increase. Tuition, fees, room, board = $9,741
  • Oregon Institute of Technology 9% increase. Tuition, fees, room, board = $9,470
Source: http://www.ous.edu/factreport/tuition


STUDENT LOAN DEBT
  • (2011) Half of Portland State's students graduate with debt, which averaged $22,440 two years ago.
Source: http://www.oregonlive.com/education/index.ssf/2011/06/oregon_universities_propose_tu.html
  • (2011) U.S. Bachelor's degree $28k avg in loan debt
  • Student loan market is $1 trillion industry
  • (Apr 2011) 64% of student loan borrowers in 2005 experienced some major problem making their full payments on time in the last six years, the study found.
Source: http://www.credit.com/blog/2011/04/study-student-loan-default-delinquency-rates-worrisome/
  • Student loan delinquency and failure rates rising every year for past 10 years.
  • Tuition increasing at far greater rate than housing, energy, health care costs; and over inflation.
Source: http://money.msn.com/saving-money-tips/post.aspx?post=557c0396-01c7-426b-8438-976aac650f27


HOMELESSNESS
  • In 2009, Portland had nation's highest prop of homeless people (.54%)
Source: http://www.portlandtribune.com/news/story.php?story_id=124728849233200700
  • In 2010, Portland was 3rd (.45%) after DC and NV
  • Oregon: 3% of homeless pop (7th most in U.S.)
  • Largest shift from 2007-2010 from cities to suburbs and rural areas
  • Increase in homelessness from 2007-2010 of 10.81% (between 2009-2010 increase was 12.61%)
  • African-Americans, men between the ages of 31 and 50, and people with disabilities are all at higher risk of becoming homeless, compared to their representation in the U.S
  • Half (53.4%) of homeless adults in U.S. have mental illness and/or substance abuse problems
  • (2010) Hispanic and African Americans disproportionately homeless, nearly twice their % pop in U.S. (Hispanic: 16%, 9.9% respectively; African American: 22%, 12.4% respectively)
  • Children under 18 (34.1% of poverty population; 24.3% of U.S. population)
  • Women (58.3% of poverty population, 52.3% of U.S. population)
  • Disabled (24.6% of poverty population, 15.3%)
Source: 2010 Homeless Assessment Report to Congress


FORECLOSURES
  • (Sep 2011) Portland foreclosure rate up 36.8%, its highest in 3 yrs.
  • Highest foreclosure rates are at perimeter of city
Source: http://www.bizjournals.com/portland/news/2011/09/08/portland-foreclosure-rate-up-368.html


BANKING
  • (Aug 2011) The 29 Oregon-based banks posted a collective $33 million profit in the second quarter as bad loan levels continued to decline
Source: http://www.bizjournals.com/portland/morning_call/2011/08/profits-climb-as-oregon-banks-rebound.html
  • (Oct 2011) BofA -- Portland's biggest bank by market share -- is instituting a new $5 per month debit card fee for banking customers at the beginning of next year.
Source: http://www.bizjournals.com/portland/news/2011/10/03/bank-of-america-mortgage-borrowers.html
  • (Jul 2011) Lobbyists for large, out-of-state banks killed bills that would have protected families undergoing foreclosure, and reined in predatory lending practices.

Source: http://community.statesmanjournal.com/blogs/capitolwatch/2011/07/02/statement-by-our-oregon-on-2011-legislative-session/


CORPORATE TAX BREAKS
  • (Mar 2011) The Oregon Office of Economic Analysis, the state agency that forecasts revenue and expenses, said that for the 2011-2013 biennium, the lottery should net the state almost $1.1 billion compared with just under $900 million from the corporate income tax.
  • Lotteries, by and large, are a (voluntary) tax on the poor.
Source: http://www.tax.com/taxcom/taxblog.nsf/Permalink/UBEN-8FGJDA?OpenDocument
  • State with the lowest combined state and local business taxes as a share of the economy in 2009, according to the Council on State Taxation (COST): Oregon, tied with Delaware and North Carolina
  • Intel revenues in 2010: $43.6 billion. (Amount of Oregon corporate income taxes Intel disclosed it paid in 2010: Intel hasn’t disclosed.)
Source: http://www.ocpp.org/2011/04/15/tax-facts-matter/


BUSINESS FACTS
  • (2011) 23 of the 50 largest Oregon employers are located in Portland. (Healthcare, banking, business services, insurance, manufacturers, technology.)
Source: http://www.acinet.org/oview6.asp?printer=&next=oview6&id=&nodeid=12&stfips=41&group=1
  • (2003) Portland is 3rd largest export tonnage port on West Coast with import and export shipments of $11.8 billion.
  • There are more than 1,200 technology companies operating in Portland – largest is Intel Corporation.
Source: http://www.city-data.com/us-cities/The-West/Portland-Economy.html


TAXES ON POOR
  • Oregon ranks 6th highest in taxing the income of a family of four living at the poverty line in 2009
Source: http://www.ocpp.org/2011/04/15/tax-facts-matter/


HEALTH

Portland ranked as:

  • #1 as unhappiest U.S. city
  • #1 in depression
  • #4 in divorce rates
  • #12 in suicides because of severe financial stress
Source: http://images.businessweek.com/ss/09/02/0226_miserable_cities/2.htm