Recession could exacerbate ‘deteriorating’ outlook for CCRCs: Fitch
By
Kathleen Steele Gaivin
Sep 19, 2023
A possible recession is looming around the corner and could spell trouble for continuing care retirement / life plan communities, according to a report released Monday by Fitch Ratings.
OSHA civil penalty amounts adjusted for 2024, effective today
By
Kathleen Steele Gaivin
Jan 16, 2024
Changes to Occupational Safety and Health Administration civil penalty amounts based on cost-of-living adjustments for 2024 went into effect today.
Ending, delaying retirement pondered by half of Americans in survey
By
Kathleen Steele Gaivin
Aug 24, 2023
Fifty percent of pre-retirees and retired workers are considering delaying or coming out of retirement, respectively, according to the results of a survey from F&G Annuities & Life.
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%,...
Economy showing ‘nascent signs of softening,’ expert says, but mild recession may be on horizon
By
Kathleen Steele Gaivin
Dec 08, 2022
The consumer price index increased 7.7% from October 2021 to October 2022, marking the smallest 12-month advance since January.
Health/education sector adds 17,000 jobs in January
By
Kathleen Steele Gaivin
Feb 01, 2024
The health/education sector added 17,000 jobs in January, and median pay increased 5.9% for people who stayed in jobs in the sector, according to the ADP National Employment Report, released Wednesday.
Low-wage workers experience historically fast wage growth: report
By
Kathleen Steele Gaivin
May 01, 2023
Low-wage workers experienced wage growth of 9% between 2019 and 2022. That’s a historically fast real wage growth over the three-year span, especially in a period of economic inflation, according to...
Senior housing investment takes a ‘modest step back’
By
Kathleen Steele Gaivin
Jul 26, 2022
The economic recovery embraced by senior housing investors a year ago is still happening, but it has taken a “modest step back” in the face of increasing costs, inflation and interest rate hikes, Beth...
Some independent living providers raise entrance fees by double digits
By
Kathleen Steele Gaivin
Apr 13, 2023
Some senior living providers are increasing entrance fees and monthly fees for their independent living residents. That’s according to the results of a new CFO Hotline survey by speciality investment...
Family caregivers have fewer assets, more debt issues than non-caregivers
By
Kathleen Steele Gaivin
Jul 19, 2023
Family caregivers are likely to have fewer assets and more problems with debt than non-caregivers, despite having similar levels of knowledge and preparation for retirement, according to a new report from...