LTC Properties ready to ‘ramp up’ investment activity
By
Kathleen Steele Gaivin
Oct 31, 2022
LTC Properties expects to “ramp up” its investment activity over the next 12 to 24 months to “become even more competitive,” the Westlake Village, CA, real estate investment trust’s chairman...
Annual nursing home, home healthcare spending more than double the recent rate of healthcare overall
By
Kathleen Steele Gaivin
Oct 25, 2022
Nursing home spending has increased 10.2% year over year; home healthcare, by 10.5%. released Friday. That’s nearly double the overall national health spending rate, which grew in August 2022 by 4.9%,...
Americans losing even more ground in keeping up with their retirement savings, survey shows
By
Kathleen Steele Gaivin
Oct 25, 2022
More than half of Americans (55%) are not keeping up with retirement savings, according to the results of a recent survey from Bankrate. This is slightly worse than a year ago, when 52% of the respondents...
Property, professional liability insurance costs major culprit as operating expenses increase
By
Kathleen Steele Gaivin
Oct 21, 2022
Increases in property and professional liability insurance costs are major contributors to runaway operating expenses for long-term care providers, according to results of the latest Executive Survey Insights...
$1M in investable assets won’t cut it in retirement, survey finds
By
Kathleen Steele Gaivin
Oct 19, 2022
Wealthier individuals are preoccupied with their eventual ability to retire comfortably, even if they have $1 million or more in assets, according to data on such US investors from a survey conducted by...
‘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...
4 generations of workers preparing for retirement amid uncertain future: report
By
Kathleen Steele Gaivin
Oct 14, 2022
Seventy-six percent of workers among four generations say their life priorities have changed as a result of the pandemic, and 56% cite saving for retirement as a financial priority, according to survey...
More news for Thursday, Oct. 13
By
Kimberly Bonvissuto
Oct 13, 2022
Inflation hitting US older adults in the pocketbook … University initiative aims to kickstart CNA interest, retention … Understanding how older adults use tech can lead to better product solutions...
Why bridge loans should be part of your financial toolkit
By
Don Pelgrim
Oct 13, 2022
Every senior living owner and operator should know about bridge lending, especially given rising interest rates and credit restrictions.
‘Aggressive’ rate increases needed in long-term care: ESI
By
Kathleen Steele Gaivin
Oct 13, 2022
Due to increased debt costs and other inflationary pressures, rate increases in long-term care are inevitable, Evans Senior Investments Director Kris Lowes said Wednesday. He called for operators to “aggressively...