October 2023

The importance of saving forretirementisemphasized from the moment young adults enter the professional arena. Whether it’s parents urging their grown children to save or financial firms advertising their retirement planning services or employers sponsoring retirement investment vehicles, professionals need not look far to be reminded of the significance of saving for the day when they call it a career.

Assisted living facilities provide a vital service to families across the globe. In fact, more than 800,000 people in the United States are currently living in assisted living facilities, according to a 2023 report from Zippia, an online recruitment service that gathers information from the Bureau of Labor Statistics and its own internal data.

Serving as a caregiver for a friend or loved one can be both rewarding and taxing at the same time. The senior housing authority A Place for Mom indicates that 41 million Americans offer unpaid caregiving services, and that number is expected to increase as the aging population grows in the coming decades. Formal caregivers are paid care providers in a home or care setting. However, an informal caregiver is an unpaid individual that assists others with activities of daily living as well as medical tasks.