Study finds older Americans filing for bankruptcy at high rate

A new study available at SSRN shows that older Americans are struggling with increased financial risks, namely inadequate income and unmanageable costs of healthcare. The study concludes that the increasing baby boomer population entering into old age does not alone account for the significant rise in older Americans filing for bankruptcy.
According to the study:
“[Older Americans’] representation among those in bankruptcy has never been higher. Using data from the Consumer Bankruptcy Project, we find more than …

Trial of Alzheimer’s drug provides hopeful results

A large clinical trial has, for the first time, shown that a drug can reduce both plaques in the brains of patients with Alzheimer’s disease and slow the progression of their dementia.
According to The New York Times, results presented at the Alzheimer’s Association International Conference in Chicago showed the drug, known currently as BAN2401, actually slowed memory decline and other cognitive difficulties, as well as reduced amyloid levels in brains of affected patients. The trial …

Senior housing occupancy rate down

The occupancy rate for seniors housing across the nation continues to decline, according to a July 12 press release from the National Investment Center for Seniors Housing & Care (NIC). a non-profit organization that provides data and analytics on the sector.
According to the release:
Occupancy in U.S. seniors housing properties averaged 87.9% in the second quarter of 2018, down 0.4 percentage point from the prior quarter and down 0.8 percentage point from a year ago. The …

AMA calls for funding of long-term care and support

The American Medical Association (AMA) announced during its 2018 annual meeting that it recognized the growing importance of long-term services and supports (LTSS). In 2015, national spending for LTSS exceeded $331 billion, more than half of which was funded by Medicaid.
According to AMA Board Member Stephen R. Permut, MD, JD, “Rising costs of everything from home ownership to higher education are making it harder than ever for Americans to save for retirement and the long-services …