Poor health exacerbates financial stress, but it’s not the worst among seniors
By
Kathleen Steele Gaivin
Jul 16, 2024
Poor health exacerbates financial stress among Americans, but it’s worse for those aged 50 to 64 than it is for those aged 65 or more years — people who often are on fixed incomes.
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...
Senior living operators navigate complex landscape of challenges, opportunities
By
Kimberly Bonvissuto
Jul 08, 2024
The senior living industry is at an “inflection point” as it navigates a changing landscape that holds the possibility of significant transformation due to shifting demographics, evolving consumer...
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...
Kendal CEO Vassar Byrd discusses Kendal, her previous position and ‘some really fun things’
By
Lois A. Bowers
Jun 24, 2024
New Kendal Corp. CEO Vassar Byrd recently spent a few minutes with McKnight’s Senior Living discussing her professional roles, her love of dragon boat racing, and how the those two worlds could overlap.