CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Oregon

Reports & Graphics

CONNECT TO
STAKEHOLDERS
IN OREGON

 

Lead State Organization

Neighborhood Partnerships

 

Lead Local Organizations

Central Oregon Asset Alliance
Redmond

 

Willamette Valley Assets and Opportunity Coalition
Springfield

 

Innovative Changes
Portland

 

Click here to learn how to join the Network.

WHAT OREGON CAN DO

There are many policies that Oregon could enact to improve its climate for asset building and preservation:

Expand Refundable Earned Income Tax Credit: To help low-wage workers afford food and other necessities, Oregon should extend the Oregon state EITC, which is set to expire at the end of 2013, and increase the value of the credit to 18% of the federal credit.

Preserve Homeownership: To increase homeownership rates, lower the housing cost burden and prevent foreclosures, Oregon should continue to invest in its IDA programs and other proven strategies to support first-time homebuyers. The state should also strengthen foreclosure protection and prevention laws ensuring pre-foreclosure mediation by a neutral third party.

Increase Asset Limits for Oregon Individual Development Accounts (IDAs): To avoid discouraging saving for retirement, Oregon should allow modest retirement savings for applicants to the Oregon IDA Initiative.

Overall Rank: 24

Outcome Rankings

Issue Area Rank: 14 | Grade: B
Outcome Measure State Data US Data Rank
Income Poverty Rate 15.6% 14.6% 35
Asset Poverty Rate 24.1% 26.0% —
Asset Poverty by Race — 2.1 x higher
for HHs
of color		 —
Asset Poverty by Gender 1.7 x higher
for single women		 1.1 x higher
for single women		 —
Asset Poverty by Family Structure — 2.2 x higher
for 1-parent HHs		 —
Liquid Asset Poverty Rate 34.8% 43.9% 12
Liquid Asset Poverty by Race — 1.8 x higher
for HHs
of color		 —
Liquid Asset Poverty by Gender 1.47 x higher
for single women		 1.09 x higher
for single women		 —
Liquid Asset Poverty by Family Structure — 1.9 x higher
for 1-parent HHs		 —
Extreme Asset Poverty Rate 16.6% 17.5% —
Net Worth $89,549 $68,948 —
Net Worth by Race — 10.3 x higher
for white HHs		 —
Net Worth by Income — 68 x higher
for top 20%		 —
Net Worth by Gender — 1.18 x higher
for single men		 —
Net Worth by Family Structure — 22 x higher
for 2-parent HHs		 —
Unbanked Households 4.3% 8.2% 8
Underbanked Households 14.4% 20.1% 5
Households with Savings Accounts 80.0% 69.2% 5
Consumers with Subprime Credit 51.2% 56.4% 16
Borrowers 90+ Days Overdue 3.75% 4.33% 19
Average Credit Card Debt $10,561 $10,736 30
Bankruptcy Rate (per 1,000 people) 4.4 4.4 30
   

Policy Ratings
Policy Priorities
0.75 Tax Credits for Working Families
0.75 State IDA Program Support
0.5 Lifting Asset Limits in Public Benefit Programs
0.75 Protections from Predatory Short-Term Loans
Additional Policies
Income Tax Threshold — $17,000
Tax Burden by Income — The poorest 20% of families pay 1.2 times more of their income in taxes than the top 1% of families
Prize-Linked Savings — Prize-linked savings not allowed
Paperless Payday — Paperless payday not permitted

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 12 | Grade: B
Outcome Measure State Data US Data Rank
Microenterprise Ownership Rate 15.7% 16.7% 30
Small Business Ownership Rate 1.55% 1.34% 12
Business Ownership by Race 1.5 x higher
for white workers		 1.5 x higher
for white workers		 17
Business Ownership by Gender 1.1 x higher
for men		 1.3 x higher
for men		 6
Business Value by Race 2.2 x higher
for white bus. owners		 2.6 x higher
for white bus. owners		 14
Business Value by Gender 2.7 x higher
for men		 2.6 x higher
for men		 25
Business Creation Rate (per 1,000 workers) 11.0 9.2 16
Private Loans to Small Business $1,252 $1,148 16
Unemployment Rate 9.4% 8.9% 35
Unemployment by Race 1.4 x higher
for people
of color		 1.7 x higher
for people
of color		 6
Underemployment Rate 17.5% 15.9% 42
Low-Wage Jobs 15.9% 21.5% 12
Average Annual Pay $44,195 $48,043 33
Retirement Plan Participation 48.3% 44.6% 24
Employers Offering Health Insurance 47.8% 51.0% 32
   

Policy Ratings
Policy Priorities
1 State Support for Microenterprise
0.5 Job Quality Standards
Additional Policies
Unemployment Benefit Level — 35.8% of average weekly wage
Unemployment Benefit Eligibility — Uses alternative base period; Benefits for compelling family reasons; Part-time workers not covered
Incentives for Employee Ownership — WIA-funded feasibility studies; Direct state assistance
Loans for Beginning Farmers — No state policy

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 46 | Grade: D
Outcome Measure State Data US Data Rank
Homeownership Rate 60.8% 64.6% 45
Homeownership by Race 1.5 x higher
for white HHs		 1.6 x higher
for white HHs		 30
Homeownership by Income 2.6 x higher
for top 20%		 2.2 x higher
for top 20%		 43
Homeownership by Gender 1.09 x higher
for single women		 1.01 x higher
for single women		 —
Homeownership by Family Structure 2 x higher
for 2-parent HHs		 1.9 x higher
for 2-parent HHs		 40
Foreclosure Rate 3.86% 4.27% 36
Delinquent Mortgage Loans 2.12% 3.04% 14
High-Cost Mortgage Loans 1.09% 2.47% 13
Affordability of Homes (value/income) 5 x higher than median income 3.4 x higher than median income 46
Housing Cost Burden - Homeowners 41.2% 36.9% 44
Housing Cost Burden - Renters 55.5% 53.4% 45
   

Policy Ratings
Policy Priorities
0.5 Foreclosure Prevention and Protections
0.5 First-Time Homebuyer Assistance
Additional Policies
Housing Trust Funds — Has statewide housing trust fund
Preservation of Affordable Rental Housing — 20.7% of LIHTC for preservation
Tenant Protections from Foreclosure — Has protections beyond federal law
Property Tax Relief — Circuit breaker for renters; Tax deferment
Resident Ownership of Manufactured Housing Communities — Medium strength protections; 10 days closure notice and opportunity to purchase; Tax incentive to sell to homeowners

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 27 | Grade: C
Outcome Measure State Data US Data Rank
Uninsured Rate 18.2% 17.3% 35
Uninsured by Race 1.8 x higher
for people
of color		 2 x higher
for people
of color		 20
Uninsured by Income 3.3 x higher
for poorest 20%		 3.5 x higher
for poorest 20%		 19
Uninsured by Gender 1.1 x higher
for men		 1.2 x higher
for men		 17
Uninsured Low-Income Children 9.9% 10.7% 30
Uninsured Low-Income Parents 38.0% 34.5% 39
Employer-Provided Insurance Coverage 55.9% 57.4% 34
Employee Share of Premium 25.8% 26.4% 20
Out-of-Pocket Medical Expenses 19.5% 16.2% —
   

Policy Ratings
Policy Priorities
1 Access to Health Insurance
Additional Policies
Expanded COBRA Coverage — COBRA expansion for 9 months
Healthcare Information Databases — In implementation

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

Outcome Rankings

Issue Area Rank: 21 | Grade: C
Outcome Measure State Data US Data Rank
Early Childhood Education Enrollment 17.8% 28.2% 35
Math Proficiency - 8th Grade 32.7% 34.7% 30
Reading Proficiency - 8th Grade 32.7% 33.5% 30
High School Degree 89.4% 85.9% 18
Two-Year College Degree 37.5% 36.3% 21
Four-Year College Degree 29.3% 28.5% 18
Four-Year Degree by Race 1.6 x higher
for white adults		 1.6 x higher
for white adults		 26
Four-Year Degree by Income 3.5 x higher
for top 20%		 4.6 x higher
for top 20%		 10
Four-Year Degree by Gender 1.02 x higher
for men		 1.01 x higher
for men		 —
Average College Graduate Debt $25,497 $26,600 28
College Graduates with Debt 63% 66% 26
Student Loan Default Rate 13.0% 13.4% 33
   

Policy Ratings
Policy Priorities
0.25 Access to Quality K-12 Education
0.5 Financial Education in Schools
0 College Savings Incentives
Additional Policies
State-Funded Head Start — $49,946,739 in supplemental funds
Quality of State Pre-K Programs — Established state program; $8,454 per child enrolled; 8 of 10 quality standards met
Kindergarten Standards — Full Day Kindergarten; separate standards; no certificates or training required for teachers
State Financial Aid for Postsecondary Education — $114 per student; 100% need-based
TANF-Funded Workforce Training — 7.63% of funds spent on training
WIA-Funded Workforce Training — 1.8% of participants received training

Footnotes

"—" Not Available. Data or ranks are not available because insufficient or unreliable data exist for the state.

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