Summary
This report presents the findings from the September 2024 Ziegler CFO Hotline poll focused on Resident Fee Increases. The survey, which included responses from over 250 CFOs and financial professionals in the senior living sector, aims to assist organizations in budget planning. It details historical comparisons of fee changes over the years and introduces new data regarding entrance fee modifications for 2024 and projections for 2025. The report outlines the geographic distribution of respondents and the predominant contract types used within their organizations. It also discusses the frequency of entrance fee increases and the average percentage increase reported for 2024, which stands at 5%. Additionally, the report highlights the primary drivers influencing fee increases, such as the housing market, capital improvements, and inflation. The document includes statistical tables that summarize the average monthly fee increases for various levels of care and projected increases for the upcoming year.
