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...
Senior living’s latest challenge carries a hefty price tag
By
John O'Connor
Feb 24, 2022
Rates charged by senior living operators rose by a robust 4.65% in 2021. In normal times, that would have been pretty wonderful news, at least from an operator’s standpoint.
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.
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...
Senior living trends, challenges to watch in 2022
By
Lynne Moore
Feb 07, 2022
After two years, the pandemic still is with us, and operators continue to deal with challenges, including availability of staffing/turnover, higher labor costs, increased operating expenses and inflation.
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...