Coronavirus / COVID-19 - McKnight's Senior Living

Coronavirus / COVID-19

upset older woman sitting at computer

Pandemic likely to jeopardize financial security of next generation of retirees

The COVID-19 pandemic could undermine the financial security of the next generation of retirees, according to a blog post by Richard W. Johnson, director of the Program on Retirement Policy at the Urban Institute. He compared the economic fallout from COVID-19 to the impact of the 2007–2008 financial crisis and Great Recession that followed and suggests that “the current crisis could wipe out existing retirement savings, hinder additional savings and threaten public and private retirement systems.”

Older couple with healthcare worker

Will COVID-19 force Ventas to cut its dividends?

Ventas is one of the largest and most diversified healthcare real estate investment trusts in the United States, and has enjoyed dividend growth for nine straight years. But the COVID-19 pandemic threatens to snap the Chicago-based REIT’s streak, according to an analysis by The Motley Fool.

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