Social Security Benefits - Direct Payment of Social Security On Behalf of Patients for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms
This dataset tracks social security benefits - direct payment of social security on behalf of patients for continuing care retirement communities and assisted living facilities for the elderly, all establishments, employer firms over time.
Latest Value
671.00
Year-over-Year Change
22.00%
Date Range
1/1/2015 - 1/1/2018
Summary
This economic trend measures the direct payment of Social Security benefits on behalf of patients living in continuing care retirement communities and assisted living facilities for the elderly. It provides insights into the financial support available for elderly individuals in long-term care arrangements.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Social Security Benefits - Direct Payment trend represents the amount of Social Security payments made directly to continuing care retirement communities and assisted living facilities on behalf of their elderly residents. This data is used by policymakers and researchers to understand the financial dynamics and support structures within the long-term care industry.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of these care facilities.
Historical Context
This trend is relevant for understanding the role of government programs in supporting the elderly population and the long-term care industry.
Key Facts
- This trend has been tracked since 1986.
- Direct Social Security payments account for a significant portion of long-term care facility revenues.
- The data is reported on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the direct payment of Social Security benefits on behalf of patients living in continuing care retirement communities and assisted living facilities for the elderly.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial support available for elderly individuals in long-term care arrangements, which is crucial for understanding the dynamics of the long-term care industry and government programs serving the elderly population.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of continuing care retirement communities and assisted living facilities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and researchers to understand the role of government programs, such as Social Security, in supporting the long-term care industry and the elderly population.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a short delay in the most recent updates.
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Citation
U.S. Federal Reserve, Social Security Benefits - Direct Payment of Social Security On Behalf of Patients for Continuing Care Retirement Communities and Assisted Living Facilities for The Elderly, All Establishments, Employer Firms (CCRCAALFFTE486233), retrieved from FRED.