The Social Security administration recently announced a 1.7% annual cost-of-living adjustment, or COLA, for the nearly 64 million Americans who receive federal retirement or disability benefits.
59 percent of adult children cannot afford assisted living, home care for parents: survey
By
Kathleen Steele Gaivin
Aug 10, 2022
Fifty-nine percent of adults aged 40 to 55 who have parents said they will not be able to pay for in-home nursing care or life at an assisted living community for them
Soft landing more likely than recession, according to economists
By
Kathleen Steele Gaivin
Aug 22, 2023
As the Federal Reserve raised interest rates since March to their highest level in 22 years in an effort to slow inflation, economists braced for what many experts considered to be an inevitable recession...
Senior living and care among leaders in healthcare bankruptcies in 2023
By
Kathleen Steele Gaivin
Jan 26, 2024
Healthcare bankruptcies hit a record high last year, with long-term care second only to pharmaceutical companies in filings, according to a report published Thursday by healthcare restructuring advisory...
American Senior Communities case defendant agrees to plead guilty
By
Lois A. Bowers
Dec 19, 2016
One of the defendants in the alleged $16 million fraud, kickback and money-laundering scheme involving former executives of American Senior Communities has agreed to plead guilty to charges against him,...
Lumber, labor continue to affect seniors housing construction: brief
By
Lois A. Bowers
Jan 26, 2018
Increased lumber costs and a labor shortage continue to be concerns in seniors housing construction projects across the country, according to a new brief prepared for the American Seniors Housing Association...
Senate drug pricing bill lowers costs for seniors
By
John O'Connor
Dec 10, 2019
A new version of a Senate drug-pricing bill would trim the amount seniors would pay for medications, advocates are claiming.
American Jobs Plan pumps money into affordable housing market but has ‘unprecedented labor mandates,’...
By
Kathleen Steele Gaivin
Jun 02, 2021
President Biden’s proposed American Jobs Plan pairs $213 billion in direct funding with more than $100 billion in new and expanded tax credits with bipartisan support to build and modernize affordable...
Bill would increase federal minimum wage to $11 an hour
By
Kathleen Steele Gaivin
Sep 15, 2023
Republican senators Bill Cassidy (LA), Susan Collins (ME), Shelley Moore Capito (WV), Tom Cotton (AR), Mitt Romney (UT) and JD Vance (OH) on Wednesday introduced a bill that would gradually increase the...
Senior housing and care lending relatively weak in second quarter: NIC
By
Kathleen Steele Gaivin
Nov 10, 2023
Senior living and care-related lending was relatively weak in the second quarter, likely due to yet another 0.25 percentage point rate increase from the Federal Reserve and significant disruptions among...