Latest news with #seniorcitizens
CTV News
5 days ago
- General
- CTV News
Live Well Showcase set to run on Thursday, Friday at Lethbridge Senior Citizens Organization
The Lethbridge Senior Citizens Organization is set to host its 'Live Well Showcase' with over 70 vendors and a number of speakers.
SBS Australia
6 days ago
- General
- SBS Australia
First-generation Filipino migrants in Darwin remain active as seniors
The Filipiniana Senior Citizens Association Incorporated is a community group that plans and runs activities, including games, singing, dancing, exercises, picnics and dining out. The provide support sick members and provides financial help and attendance at funerals for members who pass away. The group also organises information sessions relating to health and other aged care services and other government support services. SBS Filipino 04/06/2025 07:29 Rosario Cabunsol, Committee Member, Filipiniana Senior Citizens Association Incorporated with SBS Filipino Darwin correspondent Cristina Magbohos during SBS's May visit. Credit: SBS Filipino 📢 Where to Catch SBS Filipino
CBS News
7 days ago
- Business
- CBS News
Trump administration pauses garnishment of Social Security checks for defaulted student loans
Student loan borrower shares her story as collections resume for those in default The Trump administration says it's pausing the garnishment of Social Security benefits for student loan borrowers who have defaulted. That means a temporary pause on a decision announced in April to restart collections on student loans in default. On May 5, the restart policy was put into action when the Education Department began involuntary collections through the Treasury Department's offset program, which claws back overdue debts by garnishing federal payments such as tax refunds and Social Security checks. The halt comes after the Trump administration last month retreated from another type of Social Security benefit clawback, when it announced it would only take 50% of a person's monthly check to recover overpayments, down from a previously announced 100%. In that case, advocates for senior citizens had expressed concern that the policy would lead to hardship, given that one-third of Social Security recipients rely on their monthly benefit check for at least 75% of their income. In a statement emailed to CBS MoneyWatch, the Education Department said it hasn't offset any Social Security payments because of student debt since it resumed collections on May 5. The department "has put a pause on any future Social Security offsets," spokeswoman Ellen Keast said in the email. She added, "The Trump Administration is committed to protecting Social Security recipients who oftentimes rely on a fixed income. In the coming weeks, the Department will begin proactive outreach to recipients about affordable loan repayment options and help them back into good standing." While most people may think of student borrowers as recent grads who are juggling loan repayments with other living expenses, there are about 3.6 million people over 60 who carry student loan debt, according to Bankrate. About 452,000 people over 62 — the earliest age when one can collect Social Security benefits — have defaulted on their student loans, the Consumer Financial Protection Bureau said earlier this year.
Yahoo
01-06-2025
- General
- Yahoo
Celebrating senior citizens of the Basin
MIDLAND, Texas (KMID/KPEJ) – The The Area Agency On Aging Of The Permian Basin brought out the red carper for senior citizens of the Permian Basin for Older Americans and Older Texans Month. Citizens and senior care facilities of the area were awarded for their commitment and impactful roles of the community. 'Well it's great because, you know, we're getting older but we're getting better,' said Mary Pallan, a senior resident at Midland Senior Center. Hundreds of residents gathered with friends and loved ones to celebrate their wisdom and friendship, and many of them look forward to the event growing even more in the future. 'My second year doing this and I love it,' said Esmeralda Abalos, with Visiting Angels. 'Each year it seems like its growing more and more, and its nice that our community comes together to help and celebrate them.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-05-2025
- Business
- Yahoo
Medical Properties Stock Gains 17.5% YTD: Will the Trend Last?
Shares of Medical Properties Trust MPW — also known as MPT — have gained 17.5% in the year-to-date period, outperforming the industry's growth of 2%. This healthcare real estate investment trust (REIT) is engaged in acquiring and developing net-leased healthcare facilities. Its properties consist of general acute care hospitals, behavioral health facilities, post-acute care facilities, freestanding ER/urgent care facilities and other assets. Image Source: Zacks Investment Research Let us decipher the possible factors behind the surge in the stock price. The senior citizens' population is expected to rise in the years ahead. As a result, the national healthcare expenditure by senior citizens, who constitute a major customer base of healthcare services and incur higher healthcare expenditures than the average population, will likely increase in the upcoming period. Moreover, the healthcare sector is relatively immune to the macroeconomic problems faced by office, retail and apartment companies and offers stability to the company amid volatility in the market. This is because even amid tough economic conditions, consumers need to spend on healthcare services while curtailing discretionary purchases. Medical Properties, carrying a Zacks Rank #3 (Hold) at present, leases facilities to healthcare operating companies. These facilities generally have initial fixed lease terms of at least 15 years, with most including five-year renewal options. More than 99% of its leases provide annual rent escalations based on increases in the Consumer Price. Strategic sell-outs provide the company with the dry powder to reinvest in opportunistic developments and redevelopments. In the first quarter of 2025, MPT sold two facilities and an ancillary facility for approximately $20 million, resulting in a gain on real estate of $8.1 million. These two facilities were held for sale as of Dec. 31, 2024, along with a third facility that is expected to be sold during the second quarter of 2025. Medical Properties has been making efforts to enhance its liquidity position and financial strength. As of May 7, 2025, the company had approximately $1.3 billion of liquidity. After the February 2025 refinancing transactions, the company has no debt maturities coming due in the next twelve months. Its access to diverse capital sources through capital recycling and internal cash flow provides ample financial flexibility and is likely to support its growth endeavors. Operator concentration risk, potential tenant bankruptcies and substantial debt burden remain concerns for Medical Properties. Any further reduction in dividend payouts will likely decrease shareholder value. Some better-ranked stocks from the broader REIT sector are CareTrust REIT CTRE and Uniti Group UNIT, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for CTRE's 2025 FFO per share is pinned at $1.81, which suggests year-over-year growth of 20.7%. The Zacks Consensus Estimate for UNIT's 2025 FFO per share stands at $1.50, which indicates an increase of 11.1% from the year-ago period. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Medical Properties Trust, Inc. (MPW) : Free Stock Analysis Report CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report Uniti Group Inc. (UNIT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
