Labor Department increases monetary penalties for violations
By
Lois A. Bowers
Jan 04, 2018
The Department of Labor issued a final rule Tuesday that details increases in civil penalties due to inflation, as required by federal law.
31 percent of retirees say inflation could motivate return to workforce
By
Kathleen Steele Gaivin
Aug 18, 2022
Approximately one-third of retirees say they would be motivated to return to the workforce if inflation continues to eat into their savings, according to an American Staffing Association Workforce Monitor...
Inflation, labor shortage continue to affect senior living construction costs
By
Lois A. Bowers
Aug 02, 2017
Inflation, a lack of workers and the price of wood and steel continue to be concerns in seniors housing construction projects across the country, according to a new brief prepared for the American Seniors...
Interest rates increase could have ‘silver lining’ for senior living, expert says
By
Kathleen Steele Gaivin
Jun 16, 2022
The Federal Reserve’s move Wednesday to raise interest rates by 0.75% could slow new construction in senior housing, National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham...
CCRC demand remains robust: Fitch
By
Kathleen Steele Gaivin
Sep 09, 2022
Favorable demographic trends, with more Americans reaching retirement age, the ability to absorb cost inflation and good access to capital markets, will keep the continuing care retirement / life plan...
Rate surge seen as threat to middle market enthusiasm
By
Kathleen Steele Gaivin
Sep 27, 2022
Many senior living and care providers across the country have raised their rates this year, as inflation continues to drive expenses for staples such as food, supplies and energy.
OSHA civil penalties now top $145,000 for ‘willful or repeated’ violations
By
Lois A. Bowers
Jan 20, 2022
The Occupational Safety and Health Administration has increased the maximum penalty for “willful or repeated” violations to $145,027 per violation from $136,532 per violation, the Department of Labor...
Monthly resident fees driven to historic highs due to staffing, inflation
By
Kimberly Bonvissuto
Mar 28, 2022
Staffing and inflationary pressures combined with occupancy challenges are driving monthly fees for not-for-profit independent living communities to historic highs, according to specialty investment bank...
Senior living’s latest challenge carries a hefty price tag
By
John O'Connor
Feb 24, 2022
Rates charged by senior living operators rose by a robust 4.65% in 2021. In normal times, that would have been pretty wonderful news, at least from an operator’s standpoint.
Senior living trends, challenges to watch in 2022
By
Lynne Moore
Feb 07, 2022
After two years, the pandemic still is with us, and operators continue to deal with challenges, including availability of staffing/turnover, higher labor costs, increased operating expenses and inflation.