What does it really take to care for our elders?
My time at a nursing home helped me understand the challenges of caring for the elderly population. Taking care of the elderly requires a large and active workforce, emotional labor is the hardest part of the job, and the cost of elder care is taxing to residents and their families. Nearly all of us will come in contact with the long-term care (LTC) system. It might be scary to have conversations about what we want for long-term care but having these conversations now can remove layers of anxiety for when you need to put a plan in place.
What inflation and a nursing shortage mean for long-term care
Long term care (LTC) in the US is in distress. Given that this suite of services will be needed by 70% of older Americans and represents 14% of overall medical spending, strains on our LTC systems are not sustainable. With an aging population that will need more care from a smaller pool of already short-staffed caregivers, we are already seeing the effects of the cracks in LTC.
This chunk of the economy could see a lot more than “some pain”
Troubles could come from nearly a third of US public companies that can't afford the interest on their debt. Investors can step in to change things before regulators do it for them.
How Travelport's Creditors Got "J. Screwed"
Creditor-on-creditor violence has become the norm. This is the story of how an e-commerce travel company went through financial gymnastics to raise debt during the pandemic.