Expenses for Continuing Care Retirement Communities, All Establishments, Employer Firms
This dataset tracks expenses for continuing care retirement communities, all establishments, employer firms over time.
Latest Value
40715.00
Year-over-Year Change
68.10%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the expenses incurred by continuing care retirement communities (CCRCs), which provide housing, health care, and social services for older adults. It is an important indicator of the financial health and costs within the senior living industry.
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 Expenses for Continuing Care Retirement Communities, All Establishments, Employer Firms data series tracks the operating expenses, including labor, materials, and overhead, for CCRC facilities that have paid employees. This metric provides insight into the cost structures and economic factors driving the senior housing market.
Methodology
The data is collected through surveys by the U.S. Census Bureau as part of the Economic Census.
Historical Context
Policymakers and senior living industry analysts monitor this trend to understand cost pressures and inform decisions around regulation, subsidies, and market development.
Key Facts
- CCRCs provide a continuum of care, including independent living, assisted living, and skilled nursing.
- The senior living industry has grown rapidly as the U.S. population ages.
- Expenses for CCRCs account for a significant portion of healthcare spending for older adults.
FAQs
Q: What does this economic trend measure?
A: This trend measures the operating expenses, including labor, materials, and overhead, for continuing care retirement communities (CCRCs) that have paid employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost structures and economic factors driving the senior housing market, which is crucial for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Census Bureau as part of the Economic Census.
Q: How is this trend used in economic policy?
A: Policymakers and senior living industry analysts monitor this trend to understand cost pressures and inform decisions around regulation, subsidies, and market development.
Q: Are there update delays or limitations?
A: The data is released periodically as part of the Economic Census, so there may be delays in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Expenses for Continuing Care Retirement Communities, All Establishments, Employer Firms (CCRCEAEEF3623311), retrieved from FRED.