We're Broke and We're Miserable | The Wandering Eye
The Source Weekly’s reporting is made possible by the power of your support. Be a part of it!

Wednesday, April 8, 2009

We're Broke and We're Miserable

The American economy is in a miserable state, and Oregon is the most miserable state in the entire country - at least if you go

Posted By on Wed, Apr 8, 2009 at 12:29 PM

The American economy is in a miserable state, and Oregon is the most miserable state in the entire country - at least if you go by MainStreet.com's calculations.

The website ranked all 50 states and the District of Columbia on the basis of three misery-producing factors - non-mortgage debt as a percentage of income, unemployment and mortgage foreclosure rates - and Oregon came in dead last.

We ranked 37th in debt, 49th in unemployment and 47th in foreclosure rate, for a composite score of 133 on MainStreet.com's "Happiness Index." (Contrary to what logic would suggest, a high score on the Happiness Index is bad. Hey, they designed this thing, not us.)

The happiest, or least miserable, of the states was Nebraska, ranking No. 5 in debt, No. 2 in unemployment and No. 49 in foreclosure rate, to compile a score of 9 on the Happiness Index. Others in the Top 10 were Iowa, Kansas, Hawaii, Louisiana, Oklahoma, Wyoming, South Dakota, West Virginia and Wisconsin.

"Contrary to popular wisdom that densely populated urban areas of the country have 'recession-proof' housing markets and boast impressively high average salary ranges, The Happiness Index suggests that the Midwest is the main source of financial happiness," MainStreet.com commented.

Okay, but financial happiness isn't everything. What about our 300 - uh, make that 186 - days of sunshine?

Meanwhile, The Oregonian offered this cheery headline on Monday: "UO Economic Index finds depression worsening in Oregon."

The University of Oregon index "fell 0.9 percentage points in February to 85.6 (1997=100), signaling continued deterioration in the Oregon economy. Five of seven components deteriorated," The Oregonian reported. "Timothy A. Duy, director of UO's Oregon Economic Forum, said the continued decline of the UO Index, coupled with its depth over the past six months, indicates the Oregon economy is likely to remain in recession for the foreseeable future, defined as three to six months."

What The Eye finds scariest about this is that, for the first time that we're aware of, The O has used the dreaded "D-word" in a headline to describe the current economic ... er, badness.

Not wanting to end this post on a down note, we conclude with some words of comfort from MainStreet.com: "Just as the U.S. economy evolves, so too will the MainStreet.com Happiness Index. Although Oregon currently falls at the bottom of our list, the state is well positioned for a boost in the future due to its potential for an influx of green jobs."

Pin It


Subscribe to this thread:

Add a comment

Newsletter Signup

Get Central Oregon daily news
directly in your inbox

More by The Source Staff

  • 2021 Redmond Issue

    2021 Redmond Issue

    • Jul 21, 2021
  • Water Issue 2021

    Water Issue 2021

    From droughts to dams to glaciers and canoeing, there's lots to explore with water in Central Oregon
    • Jun 9, 2021
  • 2021 Summer Music Guide

    2021 Summer Music Guide

    Get your dancing shoes out from the back of the closet. These are all the shows we know about in Central Oregon this summer.
    • May 26, 2021
  • More »

Latest in The Wandering Eye

  • Moonshine Magic in Bend Still on the Down Low

    • Aug 9, 2012
    Get ready for our great close-up on the home distilling community out next week in our "Best of" issue. We interviewed a mixed bag of legal and anarchist distillers in Bend to find out why distilling is so very, very against the law in one's home. More »
  • The Eye Wanders Off Into the Sunset

    • Dec 26, 2010
    I’m really sorry to break the bad news to them during this season of peace and goodwill, but after this week the right-wingers in Bend and vicinity won’t have The Wandering Eye to kick around anymore. The decision to stop writing this blog was my own, and it was prompted by several factors. More »
  • DADT, Gay-Bashing and the "Icky-ness" Factor

    • Dec 19, 2010
    For the past week or so, “Zeo” of the NW Republican blog has had his jock strap in a knot over the prospect of Congress repealing the military’s “Don’t Ask Don’t Tell” rule. To hear Zeo tell it, if DADT is repealed and gays are allowed to serve openly in the US military it will mean the end not only of our armed forces but of America, its economic system and civilization in general. More »
  • More »

© 2021 LAY IT OUT INC | 704 NW GEORGIA AVE, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation