‘Hyperinflation’ of construction materials expected to slow in 2022: ASHA brief
By
Kathleen Steele Gaivin
Feb 10, 2022
Nationally, inflation last year for new construction averaged approximately 14% and in some markets rose to more than 20%, Weitz Co. Senior Vice President Larry Graeve and Chief Estimator Amy Burk wrote...
Retired Americans returning to workforce amid rising wages, inflation
By
Kathleen Steele Gaivin
Jun 21, 2022
Retirees are returning to the workforce to reap higher wages and keep up with record inflation, according to an analysis released by Magnify Money earlier this month.
31 percent of retirees say inflation could motivate return to workforce
By
Kathleen Steele Gaivin
Aug 18, 2022
Approximately one-third of retirees say they would be motivated to return to the workforce if inflation continues to eat into their savings, according to an American Staffing Association Workforce Monitor...
Interest rates increase could have ‘silver lining’ for senior living, expert says
By
Kathleen Steele Gaivin
Jun 16, 2022
The Federal Reserve’s move Wednesday to raise interest rates by 0.75% could slow new construction in senior housing, National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham...
CCRC demand remains robust: Fitch
By
Kathleen Steele Gaivin
Sep 09, 2022
Favorable demographic trends, with more Americans reaching retirement age, the ability to absorb cost inflation and good access to capital markets, will keep the continuing care retirement / life plan...
Rate surge seen as threat to middle market enthusiasm
By
Kathleen Steele Gaivin
Sep 27, 2022
Many senior living and care providers across the country have raised their rates this year, as inflation continues to drive expenses for staples such as food, supplies and energy.
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...
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...
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.