Retirement community adviser pleads guilty to $1.2 million fraud scheme
By
Lois A. Bowers
Dec 14, 2015
A former investment adviser said she defrauded more than two dozen retirees and others over 10 years beginning in 2003. Her husband pleaded guilty to charges related to the scheme, too.
Retirement plan contribution rate decreases
By
Kathleen Steele Gaivin
Mar 28, 2023
Twenty-five percent of Americans with 401(k) retirement accounts closed out 2022 by setting aside just 3% or less of their salaries in those accounts, according to the results of a study by Bank of America....
Unemployment claims decreased by 5,000 week to week — first decrease in 4 months
By
Kathleen Steele Gaivin
Jul 29, 2022
New unemployment claims decreased by 5,000 to 256,000 for the week ending July 23. According to the Department of Labor, this was the first week-to-week decrease in four weeks. The number of claims for...
27 states to raise minimum wage in 2023
By
Kathleen Steele Gaivin
Jan 03, 2023
Twenty-seven states rang in the new year with increases or planned increases to their minimum wage rate. Most took effect Jan. 1, but others will become effective later in the year.
False Claims Act judgment of more than $258M forces nursing home chain to file for bankruptcy
By
Amy Novotney
Mar 04, 2021
Six nursing home business affiliates of Consulate Health Care sought Chapter 11 protection Monday, according to a Law360 report Tuesday.
Prioritize older adults, nonprofits tell members of Congress
By
Lois A. Bowers
Nov 24, 2015
Programs enabling the dignity, health and independence of older adults should be funded at appropriate levels, members of the Leadership Council of Aging Organizations wrote in a letter.
Brookdale faces SNF lawsuit from coalition including Biden’s pick for HHS secretary
By
Lois A. Bowers
Mar 16, 2021
A lawsuit filed Monday accuses Brookdale Senior Living of lying to the Centers for Medicare & Medicaid Services to inflate the star ratings awarded to some of its skilled nursing facilities. The legal...
Healthcare wage growth appears to be moderating, data show
By
Kathleen Steele Gaivin
Dec 16, 2022
Healthcare job growth remains strong across all major settings of care. That’s according to Altarum’s monthly Health Sector Economic Indicators (HSEI) released Thursday.
More than 60 percent of retirees wish they could get a ‘do-over’ in planning, survey finds
By
Kathleen Steele Gaivin
Jun 13, 2023
More than 60% of retirees would go back and plan differently for their retirement if they could, according to a survey by Lincoln Financial Group.
Uptick in demand means opportunities for senior living investors: report
By
Kathleen Steele Gaivin
May 25, 2023
The long-term outlook for the US senior living market is positive, according to Berkadia’s US Seniors Housing Commentary for Spring 2023.