‘Organic’ immigration reform efforts necessary to move Congress, expert says
By
Kimberly Bonvissuto
May 18, 2023
In a political environment without an appetite for bipartisanship, efforts originating from other stakeholders will be necessary for immigration reform to occur, according to an immigration expert.
Loans for new construction bounced back in 4th quarter: NIC
By
Kathleen Steele Gaivin
May 12, 2023
After a sharp decline in the issuance of mini-perm/bridge debt for senior living in the third quarter of 2022 , senior living loans bounced back in the fourth quarter to levels seen earlier in the year,...
April’s jobless rate ties January’s record low at 3.4%
By
Kathleen Steele Gaivin
May 09, 2023
After a slight bump in March, the nation’s jobless rate slipped to 3.4%, tying it with January’s record low. That’s the lowest jobless level in 54 years.
Offering a retirement plan ‘critical asset’ even for small business owners
By
Kathleen Steele Gaivin
May 09, 2023
It’s not just the big corporations that need to offer a retirement plan to employees. Even small business owners can, and should, should set up a retirement plan, according to Los Angeles-based Capital...
Senior living a ‘significant source of strength’ in Pennant’s portfolio, CEO says
By
Kimberly Bonvissuto
May 08, 2023
Growth in The Pennant Group’s senior living business continued with “impressive progress” in the first quarter, with occupancy growing for the fifth consecutive quarter, executives said Friday.
Increasing minimum wage would worsen assisted living workforce challenges, not fix them, coalition says
By
Kimberly Bonvissuto
May 02, 2023
A California bill that proposes increasing the minimum wage to $25 for direct care workers and support staff members has plenty of opponents, including senior living industry advocates.
15 and fit: An operator’s perspective on 15 years in senior living
By
Shelley Esden
May 01, 2023
Older Americans will soon outnumber their children — something that will change the face of senior living and change the world in ways we have yet to imagine.
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...
Up to 80 percent of older adults unable to afford 4 years of assisted living: study
By
Kimberly Bonvissuto
Apr 20, 2023
Up to 80% of older adults have modest assets and would be unable to afford four years in an assisted living community or more than two years of nursing home care, according to a new study.
Federal efforts to strengthen care economy fall short for senior living, advocates say
By
Kimberly Bonvissuto
Apr 19, 2023
President Biden’s executive order on strengthening the care economy, although well-intentioned, does not offer adequate solutions for long-term care in part because it does not support assisted living...