OSHA civil penalties now top $145,000 for ‘willful or repeated’ violations
By
Lois A. Bowers
Jan 20, 2022
The Occupational Safety and Health Administration has increased the maximum penalty for “willful or repeated” violations to $145,027 per violation from $136,532 per violation, the Department of Labor...
Monthly resident fees driven to historic highs due to staffing, inflation
By
Kimberly Bonvissuto
Mar 28, 2022
Staffing and inflationary pressures combined with occupancy challenges are driving monthly fees for not-for-profit independent living communities to historic highs, according to specialty investment bank...
Retirement confidence has not recovered from significant 2023 drop: survey
By
Kathleen Steele Gaivin
Apr 30, 2024
Workers’ and retirees’ confidence has not fully bounced back from last year’s drop, but signs exist that a positive recovery is underway, according to results of the 2024 Retirement Confidence Survey...
2007 to 2019 saw increase in inflation-adjusted healthcare spending
May 29, 2024
From 2007 to 2019, the medical burden increased from 23.5 to 26.4% for low-income families and from 5.4 to 6.5% for higher-income families.
Most older adults say next generation won’t be able to retire comfortably: survey
By
Kathleen Steele Gaivin
Mar 16, 2022
Eighty-one percent of today’s seniors doubt if the next generation will be able to retire comfortably. That’s according to data from a recent survey from American Advisors Group. The Modern Retirement...
2 senior living companies file for Chapter 11 bankruptcy protection
By
Kimberly Bonvissuto
Mar 26, 2024
The COVID-19 pandemic, staffing challenges, inflation, high interest rates and low reimbursement rates led to bankruptcy filings recently by two senior living companies.
Inflation Reduction Act has mixed value for older adults, experts say
By
Kathleen Steele Gaivin
Aug 17, 2022
President Biden signed into law Tuesday the Inflation Reduction Act, which has significant healthcare provisions. According to one industry expert, however, the legislation falls short on helping older...
Senior living construction costs continue to rise due to labor shortage
By
Lois A. Bowers
Jan 22, 2017
A labor shortage in the construction industry is one of the driving factors behind continued inflation for senior living construction projects in every region of the country, according to a new brief prepared...
Record Social Security bump could push seniors into higher tax bracket, experts say
By
Kathleen Steele Gaivin
Jul 20, 2022
Social Security recipients could see a record 10.5% cost of living adjustment next year, the bipartisan Senior Citizen League predicts, but that could bump some beneficiaries into higher tax brackets....
No end in sight for construction labor shortage, experts say
By
Kathleen Steele Gaivin
Jun 30, 2022
The labor shortage in construction isn’t going away any time soon. In fact, it is expected to intensify over the next six months, Bisnow reported.