Genworth launches first LTC insurance plan in 5 years as Washington state residents consider ‘crazy’...
By
Kathleen Steele Gaivin
Jul 12, 2024
The one-year anniversary of the effective date of Washington’s first-in-the nation mandatory, tax-based long-term care insurance program passed on July 1, but voters will have the opportunity to...
Powell hints that lower interest rates may be on the horizon
By
Kathleen Steele Gaivin
Jul 11, 2024
Interest rates may start to go down soon, Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Tuesday during the Semiannual Monetary Policy Report to the Congress.
More than half of healthcare workers report stress over state of finances
By
Kathleen Steele Gaivin
Jul 11, 2024
These are challenging times for healthcare workers, with more than half (57%) of them experiencing stress over the state of their finances. That’s according to new research from the Harris Poll and on-demand...
Retirement savings rates set new records, Vanguard says
By
Kathleen Steele Gaivin
Jul 02, 2024
Americans are paying into retirement savings at a record rate, according to Valley Forge, PA-based Vanguard. That could be good news for senior living providers down the road.
Retirement plan confidence shows ‘substantial growth’
By
Kathleen Steele Gaivin
Jun 28, 2024
After periods of rising and falling between 2016 to 2019, individual retirement plan ownership and assets saw “substantial growth” between 2019 and 2022, according to the results of the 2024...
‘Deteriorating’ outlook for CCRCs to continue for rest of year: Fitch
By
Kathleen Steele Gaivin
Jun 26, 2024
The “deteriorating” outlook for the not-for-profit continuing care retirement / life plan communities sector will continue for the rest of the year, “indicating our expectation that credit pressures...
HUD awards millions in ‘green’ funding to 17 affordable senior housing communities
By
Kathleen Steele Gaivin
Jun 26, 2024
Seventeen affordable seniors housing properties will receive funding ranging from $2.4 million to $20 million, the Department of Housing and Urban Development announced Tuesday as it makes available a...
Republican senators introduce joint resolution calling for overtime rule repeal
By
Kathleen Steele Gaivin
Jun 20, 2024
Republican Sens. Tommy Tuberville (AL) and Mike Braun (IN) on Monday introduced a joint resolution under the Congressional Review Act that if passed would repeal the federal overtime rule set to go into...
Almost a third of retirees consider picking up temporary jobs
By
Kathleen Steele Gaivin
Jun 12, 2024
One third of retirees are considering picking up one to three shifts of temporary work per week because their cost of living is increasing, according to Indeed Flex, an online temporary staffing platform.
Healthcare sees highest Chapter 11 bankruptcy filings in 15 years: report
By
Kathleen Steele Gaivin
May 18, 2024
Chapter 11 bankruptcies in healthcare, including senior living reached a multiyear high in the first quarter of 2024. That’s according to the newest Polsinelli-TrBK Distress Indices Report, published...