“Less than 25 percent of Americans expected to save enough to retire comfortably,” by Kathleen Steele Galvin, McKnight’s Senior Living    Quote: “Less than a fourth of Americans expect to save the $1.1 million estimated to be necessary to retire comfortably, according to the 2022 Schroders U.S. Retirement Survey. Fifty-six percent of those surveyed said they expect to have less than $500,000 saved by the time they retire, including 36% who anticipate having less than $250,000. The major concerns facing retirees and those nearing retirement are inflation that lessens the value of their assets (65%), higher-than-expected healthcare costs (64%) and a
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“Inflation jumps 8.5% in a year for nursing goods and services, tripling the number of residents at risk of displacement,” by Danielle Brown, McKnight’s LTC News   Quote: “Rising inflation and increased labor costs are multiplying the risk of closure for skilled nursing facilities across the country, according to a new analysis released Wednesday by CliftonLarsenAllen and the American Health Care Association. … Economists expect even more increases through the end of the year, and possibly into 2023, which is more bad news for providers. Nursing homes rely almost entirely on fixed-rate government payments. ‘Increasing costs will put more nursing homes
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