By Taxpayer Association of Oregon Foundation,
Oregon’s income growth is lagging the nation and cannot keep pace with inflation.
According to data released by the federal Bureau of Economic Analysis last month, U.S. income growth per person grew by 2.4 percent. In contrast, personal income per person in Oregon increased by only 1.9 percent. To make matters worse, Oregonians faced inflation of 4.2 percent, driven largely by rising housing prices. Put another way, Oregon’s cost of living is growing more than twice as fast as Oregonians’ incomes.
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