Overall, Oregon has fared well coming out of the recession. But the economic growth in the state is not reaching everyone equally. One group that is getting left behind are Oregon’s seniors.
Nearly two-thirds of all seniors in Oregon have zero income from retirement savings, relying on social security or public programs to survive. As the costs of health care, housing, and goods and services continue to increase, more and more seniors are being left behind.
The needs among this population will only increase as Oregon’s population ages. Oregon’s 65+ population is projected to grow from 502,000 to 950,000 by 2030. Over the next 10 years (between 2015 and 2025), the State Demographer predicts the number of people 75 or older will grow by 233,000.
According to DHS’ November 2015 caseload forecast, the number of seniors needing assistance is expected to increase by 12 percent over the next three years at a cost of at least $200 million.