05-20-2018  6:32 pm      •     
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

Raina Croff to Speak at Architectural Heritage Center

'When the Landmarks are Gone: Older African Americans, Place, and Change in N/NE Portland’ describes SHARP Walking Program ...

Portland Playhouse Presents August Wilson’s ‘Fences’ Through June 10

May 20 performance will include discussion on mental health; June 10 performance will be followed by discussion of fatherhood ...

Peggy Houston-Shivers Presents Benefit Concert for Allen Temple CME

Concert to take place May 20 at Maranatha Church ...

Family Friendly Talent Show, May 18

Family Fun Night series continues at Matt Dishman Community Center ...

The Latest: Cougar that attacked cyclists was underweight

SEATTLE (AP) — The Latest on a cougar attack that killed one mountain biker and wounded another outside Seattle (all times local):4:10 p.m.Authorities say the cougar that attacked two cyclists east of Seattle, killing one of them, appears to have been emaciated.Washington Department of Fish...

Portland jury issues million verdict against landlord

PORTLAND, Ore. (AP) — A jury has ordered a rental-property company to pay more than million after a man fell through a rotting walkway at his Portland apartment complex.The Oregonian/OregonLive reports that Robert Trebelhorn argued that Los Angeles-based Prime Group, which owns the...

Cyclists tried to scare cougar but it attacked, killing 1

SEATTLE (AP) — The two mountain bikers did what they were supposed to do when they noticed a mountain lion tailing them on a trail east of Seattle.They got off their bikes. They faced the beast, shouted and tried to spook it. After it charged, one even smacked the cougar with his bike, and...

The Latest: Cougar that attacked cyclists was underweight

SEATTLE (AP) — The Latest on a cougar attack that killed one mountain biker and wounded another outside Seattle (all times local):4:10 p.m.Authorities say the cougar that attacked two cyclists east of Seattle, killing one of them, appears to have been emaciated.Washington Department of Fish...

OPINION

Golfing While Black Is Not a Crime

Grandview Golf Club asks five Black women to leave for golfing too slow ...

Discovering the Best of Black America in 2018

Dr. Benjamin F. Chavis discusses the DTU Journalism Fellowship & Scholarship Program ...

Will Israel’s Likud Party Ever Respect the Rights of Palestinians?

Bill Fletcher weighs in on the precarious future of the two-state solution between the Israeli government and the Palestinian people ...

The Future of Medicinal Marijuana in Pets

Dr. Jasmine Streeter says CBD-derived products show beneficial therapeutic benefits for pets ...

AFRICAN AMERICANS IN THE NEWS

Principal apologizes for 'insensitive' prom tickets language

CHERRY HILL, N.J. (AP) — The principal of a New Jersey high school has apologized for what he called "insensitive" language on tickets for the upcoming senior prom.The Courier Post reported the Cherry Hill High School East senior prom tickets urged students to "party like it's 1776" during...

2018 midterms: An early heat for 2020 Democrats?

ATLANTA (AP) — Look closely enough at the 2018 midterm campaign and you'll see the stirrings of a Democratic scramble to reclaim the White House from President Donald Trump.The leading players — from established national figures such as former Vice President Joe Biden, Bernie Sanders...

Northern states taking down vestiges of racism, intolerance

DETROIT (AP) — A nearly 80-year-old statue depicting a European settler with a weapon in his hand towering over a Native American that some say celebrates white supremacy has been dismantled by crews in southwestern Michigan's Kalamazoo.And at the University of Michigan, regents have voted...

ENTERTAINMENT

'Jurassic Park' dinosaur expert's next big thing: holograms

HELENA, Mont. (AP) — Forget the gray, green and brown dinosaurs in the "Jurassic Park" movies. Paleontologist Jack Horner wants to transport people back in time to see a feathered Tyrannosaurus rex colored bright red and a blue triceratops with red fringe similar to a rooster's comb.Horner,...

Kelly Clarkson honors school victims at Billboard Awards

An emotional Kelly Clarkson opened the 2018 Billboard Music Awards in tribute to the recent school children and teachers who died in Texas, barely able to speak as she urged the audience and the world to do more to prevent deadly shootings from happening.Clarkson, who is hosting the show, said she...

Chrissy Teigen and John Legend reveal name of newborn son

LOS ANGELES (AP) — Chrissy Teigen and John Legend now have a baby boy to go with their toddler girl.The 32-year-old model and 39-year-old singer, whose real name is John Roger Stephens, introduced Miles Theodore Stephens to the world on Sunday.Teigen had been hinting to her millions of...

U.S. & WORLD NEWS

In North Korea nuke site closing, spectacle trumps substance

TOKYO (AP) — Foreign journalists will be allowed to journey deep into the mountains of North Korea this...

Venezuela keeps voting stations open amid light turnout

CARACAS, Venezuela (AP) — Voting centers across Venezuela's capital appeared largely empty during Sunday's...

Police response to Texas school shooting remains unclear

AUSTIN, Texas (AP) — Santa Fe High School had conducted active shooter drills, armed police officers...

Record Everest climber returns, already planning next trip

KATHMANDU, Nepal (AP) — A Sherpa climbing guide who scaled Mount Everest for a record 22nd time last week...

Pope Francis to invest 14 new cardinals in June

VATICAN CITY (AP) — Pope Francis on Sunday revealed his latest picks to be cardinals in the Catholic...

Britain basks in royal wedding afterglow; grave gets bouquet

LONDON (AP) — Unwilling to kiss Prince Harry and Meghan Markle's wedding goodbye just yet, Britain basked...

In this Wednesday, Sept. 30, 2015 photo, from left, Jo Armstrong, Julie Armstrong, Skylar Armstrong, Amelia Anderson, Nathan Anderson, Westley Armstrong and Dean Anderson sit together for a game at their home in Tucson, Ariz. At 42 with a blended family of five, Nathan Anderson runs an acupuncture clinic with his wife, Julie, also an acupuncturist. Combined, their monthly student loans bills approach $1,700. "More than we spend on groceries and kind of like having a second mortgage," Nathan said. (AP Photo/Rick Scuteri)
JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — America's $1.2 trillion in student debt is having consequences in far-reaching ways.

College dropouts and students who borrowed to attend for-profit colleges are at risk of default. Many Generation X parents — ages 35 to 50 — are still repaying debt even as their children prepare to enter college and begin a second generation of family debt. Some millennials are delaying marriage and home ownership until their loans become less burdensome.

Three trends show how the pressures from student debt are compounding:

FALLING INCOMES

For people with college degrees but no graduate school education, incomes, after accounting for inflation, have declined, reducing their ability to repay their loans. For a 23-to-29-year-old with a college degree, median income in 2013 was $41,000. That figure has plunged $5,000 in current dollars since 2000, according to Georgetown University's Center on Education and the Workforce.

The drop reflects a trend dating to 1970 of stagnant income for the college educated with no graduate degree — evidence that the supply of these workers has roughly matched employer demand.

Median incomes have risen consistently for one group since 1970: Workers older than 30 with graduate degrees. But even those gains began stalling before the Great Recession began in late 2007.

 

MORE BORROWING

A typical member of the class of 2013 graduated owing $27,300, according to the College Board. This figure has risen $5,000 in current dollars since 2000, a 22 percent jump. College grads who go straight into master's programs often owe a combined $70,000 by the time they leave. Debt averaged $41,400 for a master's degree, $71,600 for a research doctorate and $128,600 for a professional doctorate in medicine or law, according to exclusive Education Department data analyzed for The Associated Press.

 

LESS SPENDING ELSEWHERE

When incomes fail to rise, every additional dollar in debt comes at a cost: A delay in major purchases, such as cars or homes. This can slow the economy because consumer spending drives about 70 percent of U.S. economic activity.

In 2013, college-educated heads of households under age 40 owed $4,850 in annual student loan payments, the Federal Reserve Survey of Consumer Finances shows. The figure has shot up by $1,090 since 2001 after adjusting for inflation.

The surge in student debt has coincided with reduced spending in other categories. Auto loan payments fell by nearly half from 2001 to 2013. Mortgage payments have also dipped, in part because of a lack of affordability in cities with many recent college graduates.

Surveys show that student debt increasingly monopolizes family budgets. The average yearly grocery budget was $4,719 in 2013 — $130 less than what the Fed said college-educated households owed in loans.

 

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Oregon Lottery
Calendar

Photo Gallery

Photos and slide shows of local events

The Skanner Report

repulsing the monkey