Offering a retirement plan ‘critical asset’ even for small business owners
By
Kathleen Steele Gaivin
May 09, 2023
It’s not just the big corporations that need to offer a retirement plan to employees. Even small business owners can, and should, should set up a retirement plan, according to Los Angeles-based Capital...
Senior living a ‘significant source of strength’ in Pennant’s portfolio, CEO says
By
Kimberly Bonvissuto
May 08, 2023
Growth in The Pennant Group’s senior living business continued with “impressive progress” in the first quarter, with occupancy growing for the fifth consecutive quarter, executives said Friday.
Employers’ healthcare costs expected to climb faster than inflation
By
Kathleen Steele Gaivin
May 04, 2023
Employer healthcare costs and premiums are likely to climb faster than inflation in 2023 and 2024, according to findings released Tuesday in Buck’s 44th Nation
Senior living and care providers finally may have some good news on the cybersecurity front as cybersecurity premiums for companies nationwide may finally be leveling off after years of double-digit increases,...
Increasing minimum wage would worsen assisted living workforce challenges, not fix them, coalition says
By
Kimberly Bonvissuto
May 02, 2023
A California bill that proposes increasing the minimum wage to $25 for direct care workers and support staff members has plenty of opponents, including senior living industry advocates.
Senior living and care liability insurance rates stabilizing, but decreases not expected any time soon
By
Kathleen Steele Gaivin
May 02, 2023
Owners and operators of senior living and care facilities and communities are expected to see some deceleration in rate increases for liability coverage, according to a recent survey from Willis Towers...
Low-wage workers experience historically fast wage growth: report
By
Kathleen Steele Gaivin
May 01, 2023
Low-wage workers experienced wage growth of 9% between 2019 and 2022. That’s a historically fast real wage growth over the three-year span, especially in a period of economic inflation, according to...
More than three-fourths of Americans say inflation is affecting their ability to save enough money for retirement, including paying for long-term care, according to a new survey.
One-fifth of Americans 59+ have net worth of $0 or less
By
Kathleen Steele Gaivin
Apr 24, 2023
Almost a third of Americans (31%) report having a net worth $0 or less, a new study finds. And for Americans 59 and older who may be contemplating retirement, 21% report that their total amount of liabilities...
Up to 80 percent of older adults unable to afford 4 years of assisted living: study
By
Kimberly Bonvissuto
Apr 20, 2023
Up to 80% of older adults have modest assets and would be unable to afford four years in an assisted living community or more than two years of nursing home care, according to a new study.