‘Historic’ Social Security cost-of-living adjustment gets mixed reviews from advocates
By
Kimberly Bonvissuto
Oct 14, 2022
The Social Security Administration on Thursday issued a historic 8.7% cost-of-living increase, giving prospective senior living residents improved buying power in the coming year. But the increase is getting...
Long-term care adds 9,000 jobs in May, Labor Department says
By
Kathleen Steele Gaivin
Jun 05, 2023
Nursing and residential care facilities added 9,000 jobs in May, according to employment data released Friday by the Department of Labor’s Bureau of Labor Statistics.
Pent-up need for senior housing, services drives record absorption: Report
By
Kathleen Steele Gaivin
Mar 24, 2022
The pent-up need for senior housing resulting from the pandemic has driven record absorption across the industry over the past six months, according to a first quarter special report from Marcus & Millichap.
Operators plan lower fee increases despite costs that remain elevated
By
Kimberly Bonvissuto
Oct 06, 2023
The high monthly resident fees introduced by senior living operators in the wake of the COVID-19 pandemic are starting to taper off, but that doesn’t mean costs are coming down, according to results...
Lack of emergency savings No. 1 stressor for US workers
By
Kathleen Steele Gaivin
Oct 13, 2023
Emergency savings ranks as the major savings goal for US workers, according to new research by Fidelity Investments.
Two Louisiana home care providers indicted in multimillion-dollar fraud scheme
By
Diane Eastabrook
Jul 07, 2021
A federal grand jury last week indicted executives of two Monroe, LA-based home care agencies for a check-kiting scheme involving millions of dollars.