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,...
Employer job creation slows for fifth consecutive month, ADP finds
By
Kathleen Steele Gaivin
Sep 06, 2024
The labor market continued to cool last month, and job creation among private employers slowed for the fifth straight month, according to the monthly ADP National Employment Report Economy Lab report released...
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...
‘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.
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.
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...
Partisan policies on student loan debt could affect financial security in retirement: report
By
Kathleen Steele Gaivin
Aug 20, 2024
An updated report from Schwartz Center for Economic Policy Analysis examines how political differences heading into the presidential election may affect policies on student debt.
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...
Powell hints that lower interest rates may be on the horizon
By
Kathleen Steele Gaivin
Jul 11, 2024
Interest rates may start to go down soon, Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Tuesday during the Semiannual Monetary Policy Report to the Congress.
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.