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☆ Do we simply not care about older adults in the US?
▼ + stars: | 2024-02-08 | by ( Judith Graham | Kff Health News | ) edition.cnn.com time to read: +8 min

KFF Health News —The Covid-19 pandemic would be a wake-up call for America, advocates for the elderly predicted: incontrovertible proof that the nation wasn’t doing enough to care for vulnerable older adults. Around 900,000 older adults have died of Covid-19 to date, accounting for 3 of every 4 Americans who have perished in the pandemic. Many seniors at high risk aren’t getting antiviral therapies for Covid, and most older adults in nursing homes aren’t getting updated vaccines. The pandemic made things worsePrejudice against older adults is nothing new, but “it feels more intense, more hostile” now than previously, said Karl Pillemer, 69, a professor of psychology and gerontology at Cornell University. But as a society, we don’t value older adults or the people who care for them,” said Robert Kramer, 74, co-founder and strategic adviser at the National Investment Center for Seniors Housing & Care.

Persons: —, ”, Alice Bonner, I’m, Karl Pillemer, “, ’, ’ ”, Andrew Achenbaum, Achenbaum, Covid, Edwin Walker, Robert Kramer, Kramer, John Rowe, Anne Montgomery, Allen Power, ” Power, it’s “, ” Pillemer Organizations: Health, America, CDC, Institute for Healthcare, gerontology, Cornell University, Texas Medical Center, Aging, Department of Health, Human Services, National Investment Center, Seniors Housing & Care, ”, Columbia University’s Mailman, of Public Health, National Committee, Preserve Social Security, Schlegel, University of Waterloo Research Institute, National Academy of Medicine’s, Healthy, University of Southern, Cornell, Kaiser Health, KFF Locations: Houston, Canada, University of Southern California

☆ 5 caregiving terms to help you access essential services and reduce expenses for an aging parent
▼ + stars: | 2024-01-30 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +5 min

The highest level of care is "skilled nursing care" for those who are chronically ill or disabled and can no longer care for themselves. Medicaid pays for most long-term care services — but only for people with low incomes and little savings. Long-term care insuranceDepending on the plan, long-term care insurance pays for services from at-home care to assisted living, memory care, skilled nursing care, and hospice. Long-term care insurance may have annual premiums that increase over time or may be included as a rider to a life insurance policy. Employers are increasingly offering long-term care insurance as a workplace benefit.

Persons: Abbe Udochi, AARP's Goyer, Ivory Johnson, Johnson, Couples, Goyer Organizations: Maskot, Getty, Healthcare Consulting, National Investment Center, Seniors Housing & Care, Medicare, Delancey Wealth Management, Washington , D.C, CNBC FA, American Association for, Care Insurance, Employers Locations: New York, Washington ,

☆ This income-paying asset could be poised to rise in 2024 as interest rates cool
▼ + stars: | 2024-01-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. "When rates are low, a lot of income-oriented investors see that REIT dividend as very attractive, and they are willing to take the risks associated with equity investment to have this dividend payment." Jefferies is neutral on the office REIT sector but has raised its rating on Boston Properties to buy from hold. The senior housing occupancy rate was 84.4% in the third quarter of 2023, according to the National Investment Center for Seniors Housing & Care . That's up more than 6 percentage points from the pandemic low of 77.8%, but it's still off from the pre-pandemic occupancy rate of 87.1%.

Persons: REITs, Kevin Brown, Jefferies, Peter Abramowitz, Morningstar's Brown, it's, Brown, JPMorgan's Anthony Paolone, Ventas, — CNBC's Michael Bloom, Chris Hayes Organizations: Federal Reserve, Treasury, Boston Properties, Boston, National Investment Center, Seniors Housing & Care, Realty Locations: U.S, Boston, Friday's

☆ The Neighbors Are All Older, Too. Is That What You Want?
▼ + stars: | 2023-11-25 | by ( Paula Span | ) www.nytimes.com time to read: +1 min

But the prospect of life in an age-restricted development makes Robyn Ringler shudder. She meets people while biking through her neighborhood or walking her goldendoodle; she knows trick-or-treaters by name. Though surveys repeatedly show that most older people prefer to remain in their own homes as they age, about 800,000 were in assisted living last year, according to LeadingAge, which represents nonprofit aging services providers. An additional 745,000 lived in continuing care communities and three million in federally supported affordable senior housing. The National Investment Center for Seniors Housing and Care estimates that 540 active adult communities with 82,000 units offer market-rate rental properties for seniors.

Persons: Robyn Ringler shudder, “, ”, Ringler Organizations: National Investment Center, Seniors Housing Locations: New York, Albany

☆ The demand for senior housing is about to explode. These stocks will reap the benefits
▼ + stars: | 2023-06-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

The rapidly aging population is expected to be a boon for senior housing. About 50% of those in assisted living facilities, for example, are aged 85 and older, while 31% are between 75 and 84 years old, according to the National Center for Assisted Living . Bumpy road but 'attractive valuation' ahead Right now, senior housing is seeing favorable demographics, as well as improving fundamentals and margins, said NIC's Clapp. There's a point where for each incremental bed added in senior housing, you might not need another worker in the building, he explained. Other names tied to the trend include Ensign and Omega Healthcare Investors , which both provide skilled nursing and senior living services, as well as Brookdale Senior Living , an operator of senior living communities with just a $755 million market cap.

Persons: Wells, Connor Siversky, Welltower, Ventas, Raymond James, Jonathan Hughes, You've, they've, Caroline Clapp, Greg Kuhl, Janus Henderson, We've, we've, Kuhl, Siversky, NIC's Clapp, Clapp, there's, Stocks, Janus Henderson's Kuhl, that's, Hughes, CNBC's Michael Bloom Organizations: . Census, National Center for, National Investment Center, Seniors Housing, Care, U.S . Census Bureau, NIC, Investors, Estate Fund, Omega Healthcare Investors Locations: U.S, NOI

☆ This Affordable Senior Housing Project Is Aimed at the Middle Class
▼ + stars: | 2023-03-07 | by ( Peter Grant | ) www.wsj.com time to read: 1 min

Construction workers in the Boston area broke ground Monday on one of the rare senior housing projects that is intended to be affordable for middle-class residents. The developer 2Life Communities plans to charge monthly rents as low as $1,800 at the $100 million development in Newton, Mass. Comparable independent living communities in the Boston region charge $4,200 a month, according to the National Investment Center for Seniors Housing & Care, or NIC, an industry organization.

☆ Older Americans are moving in with people their age to play bocce, make art, and be their true selves
▼ + stars: | 2022-11-14 | by ( Robert Davis | ) www.businessinsider.com time to read: +7 min

Some older Americans are building cohousing communities instead of moving into senior living. That was until 2014, when the Salmons and a group of eight other seniors began developing Quimper Village, a cohousing community in Port Townsend for people ages 55 and older. The Salmons are part of a growing coalition of older adults who are choosing to live in cohousing communities with people who are about their same age. The website also highlights amenities such as a bocce court and an art studio, which residents also manage. Though Erde describes herself as an introvert, living at PDX Commons has allowed her to be more social, she said.

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