As demand to help seniors with the costs of senior housing and long term care continues to rise across the country, a senior care partnership program has emerged. Life Care Funding Group has begun adding “Network Partners” at the local level around the U.S. to support senior care and living facilities while working directly with families. Starting in the Midwest with Jo Letwaitis, Founder and CEO of the The Senior Site, Inc., senior care experts are being endorsed to represent Life Care Funding Group and…
Posts tagged "Senior Issues"
The oldest man in the United States died this past weekend at the age of 112 years and 204 days. George Francis was residing at a nursing home in Sacramento, CA at the time and he is survived by 18 grandchildren, 33 great-grandchildren and 16 great-great grandchildren. He lived through three centuries as he was born in 1896. Mr. Francis was not the oldest person in the world, nor was he the oldest person in the United States. Those distinctions belong to a 115 year…Senior Issues
A report released on December 15th shows that $2 trillion in the value of American homes evaporated in 2008. A report released by the National Association of Home Builders in June of this year showed $500 billion lost in home values at that time. But now, 11.7 million home owners are carrying mortgages considered “underwater” because they owe more on their homes than they are worth. The combination of negative equity and a continuing surge of foreclosures flooding the market have caused the loss of…Economic Crisis, Senior Issues
In the last month two reports came out that should be of concern to seniors and their families. Just this past week the Federal Reserve released their economic projections through 2009 anticipating Gross Domestic Product (GDP) for the U.S. may contract by as much as a full percentage point. We are watching what the Secretary of the Treasury recently described as a “once in a Century” tumult in the U.S. economy. The impact on unemployment could be alarming with the unemployment rate of 4.5% last…Long Term Care Cost, Senior Issues