Bill would increase federal minimum wage to $11 an hour
By
Kathleen Steele Gaivin
Sep 15, 2023
Republican senators Bill Cassidy (LA), Susan Collins (ME), Shelley Moore Capito (WV), Tom Cotton (AR), Mitt Romney (UT) and JD Vance (OH) on Wednesday introduced a bill that would gradually increase the...
Parts of Texas, Arkansas see greatest gains in per-capita income over 4 decades
By
Kathleen Steele Gaivin
Sep 08, 2023
Per-capita income rankings among the 110 largest metropolitan areas in the United States — areas with populations of 500,000 or more — have changed little since 1980, according to a recent blog post...
Senior living construction backlogs hold steady
By
Kathleen Steele Gaivin
Aug 23, 2023
Backlogs for senior living construction projects are holding steady. Commodity prices have improved for some products, but labor rates continue to increase.
Soft landing more likely than recession, according to economists
By
Kathleen Steele Gaivin
Aug 22, 2023
As the Federal Reserve raised interest rates since March to their highest level in 22 years in an effort to slow inflation, economists braced for what many experts considered to be an inevitable recession...
Late boomers lag in retirement savings: report
By
Kathleen Steele Gaivin
Aug 17, 2023
Late boomers — those born between 1960 and 1965 at the tail end of the post-World War II baby boom — are not faring well when it comes to retirement savings. That’s according to a report published...
Loan activity at record low for senior living: NIC
By
Kathleen Steele Gaivin
Aug 11, 2023
The issuance of new permanent debt reached a time series low for senior living — and a near record low for skilled nursing — in the first quarter based on the six years since the National Investment...
Nursing care has fastest-growing prices of healthcare sectors
By
Kathleen Steele Gaivin
Jul 20, 2023
Prices for nursing home care grew the fastest in June among the major healthcare categories, at 6.2%. Prices for home healthcare increased by 4.4%.
Balancing costs, benefits a challenge in recruiting, retaining workers: survey
By
Kathleen Steele Gaivin
Jul 14, 2023
Battling increasing costs while investing in employee benefits often is a balancing act in the recruitment and retention of employees, according to the results of a survey from London-based global advisory,...
Cap rates up except in skilled nursing
By
Kathleen Steele Gaivin
Jul 11, 2023
More than 50% of the respondents to the 12th edition of CBRE’s “Seniors Housing & Care Investor Survey” expect capitalization rates to increase this year. That’s up from 27% in last year’s...
Fed ‘may have gone too far’ with rapid interest rate increases, expert says
By
Kathleen Steele Gaivin
Jun 14, 2023
A risk exists that the Federal Reserve “may have gone too far” with rapid interest rate increases over the past 14 months or so “and won’t know until they’ve gone farther,” Mary Ludgin, senior...