Confidence, savvy about retirement savings a ‘promising sign’
By
Kathleen Steele Gaivin
Aug 13, 2024
With inflation slowly easing, workers are more confident in their ability to reach financial goals in retirement than they were a year ago, according to the results of a survey recently released by Charles...
Workers underestimate the healthcare costs they will have in retirement
By
Kathleen Steele Gaivin
Aug 09, 2024
A 65-year-old US worker retiring today could face an average of $165,000 in healthcare and medical costs throughout retirement, yet the average American estimates that those costs will be around $75,000,...
‘Strong industry headwinds’ lead to bankruptcy for Guardian Healthcare
By
Kathleen Steele Gaivin
Aug 01, 2024
Brockway, PA-based Guardian Healthcare has filed for Chapter 11 bankruptcy protection.
Job growth in the private sector slowed in July for the fourth consecutive month, with the addition of 122,000 jobs, according to the monthly ADP National Employment Report Economy Lab report, published...
Fee-for-service skilled nursing utilization stable but still below pre-pandemic levels
By
Kathleen Steele Gaivin
Jul 22, 2024
National fee-for-service skilled nursing facility utilization has been stable year over year from the third quarter of 2023 to the third quarter of this year, but utilization remains 2 percentage points...
Commercial insurance market in ‘state of flux’ for senior housing and care
By
Kathleen Steele Gaivin
Jul 22, 2024
The commercial insurance market for long-term care operators “is in a state of flux, influenced by both lingering effects of the pandemic and broader economic factors,” Janice Loper, vice president...
Generation after Baby Boom especially concerned about financial stability in retirement, study finds
By
Kathleen Steele Gaivin
Jul 18, 2024
Fifty-one percent of pre-retirees aged 50 or more years, as well as some retired Americans, are considering delaying or coming out of retirement, according to the results of a new survey from F&G Annuities...
Christian Horizon files for bankruptcy under Chapter 11, will continue operations during restructuring
By
Kathleen Steele Gaivin
Jul 17, 2024
Joining a growing number of struggling senior living and care providers, Midwest Christian Villages, doing business as Christian Horizons, on Tuesday filed for reorganization under Chapter 11 bankruptcy.
Poor health exacerbates financial stress, but it’s not the worst among seniors
By
Kathleen Steele Gaivin
Jul 16, 2024
Poor health exacerbates financial stress among Americans, but it’s worse for those aged 50 to 64 than it is for those aged 65 or more years — people who often are on fixed incomes.
Genworth launches first LTC insurance plan in 5 years as Washington state residents consider ‘crazy’...
By
Kathleen Steele Gaivin
Jul 12, 2024
The one-year anniversary of the effective date of Washington’s first-in-the nation mandatory, tax-based long-term care insurance program passed on July 1, but voters will have the opportunity to...