4 Reasons Seniors get a Reverse Mortgage Even if they are Millionaires

Smart Move for Retirement Planning

Reverse Mortgage Equity Lines

Reverse Mortgage Expert

Paul Scheper, CRMP, CSA, MBA

Your Lender For Life!

Loangevity Mortgage

Why half of all reverse mortgages are made to homeowners who don't need the money today.

It’s better to have the equity line and not need it than to need it and not have it, in case you might need it down the road.”

— Rick McKinley, Prudential

IRVINE, CA, UNITED STATES, November 27, 2020 /EINPresswire.com/ — A reverse mortgage is just a loan. It also is just a line of credit. It is just a way for senior homeowners (Age 60 plus) to live a more comfortable retirement. As a line of credit, a reverse mortgage equity line operates as a “stand by” cash reserve, a “just in case” fund for aging homeowners to access in case unexpected life events occur later on.

Here are four things to know about Reverse Mortgage Lines of Credit (with emphasis on the government insured Reverse Mortgage Equity Line:

1. A Reverse Mortgage Line of Credit typically increases every year. The “credit line limit” on a reverse mortgage grows each month based on how much of the credit line is not used. This unused amount grows at whatever the interest rate is on the government-insured reverse mortgage (or at 1.5% for Jumbo Reverse Mortgage Credit Lines). As an example, on the FHA insured reverse mortgage, if the interest rate were 4% on the loan, then your line of credit would increase by the matching and offsetting 4% every year regardless of the value of the home. That's right… even if the value of your home goes down, your REVERSE MORTGAGE Line of Credit is guaranteed to rise each year. This means that if you opened a $200,000 reverse mortgage credit line today at age 62, and did not touch the unused line of credit for 20 years, the credit line would more than double. It gets bigger on the unused portion. It grows if you do not need the money, which is why so many homeowners get the reverse mortgage line of credit.

2. A Reverse Mortgage Line of Credit Limit grows on the unused balance. This allows many seniors to get a reverse mortgage at the young, ripe age of only 62 years old, and let it sit and grow (based on the unused balance) to have a reserve account “just in case” life events require more money. Most seniors tap this unused line of credit in case unexpected home repairs pop up, or a spouse might need nursing home care, assisted living, or in-home caregivers, having access to a huge chunk of money (via the credit line growing for all of those years), it helps seniors be prepared and ready in case unexpected “life events” turn up.”

3. A Reverse Mortgage Line of Credit does not require the borrower to make any monthly payments ever, and if that's what a borrower chooses to do, the loan will be repaid when the home is sold or upon the death of the borrower and spouse, or when the home would presumably be sold or refinanced by the heirs. The interest on a reverse mortgage can be paid either monthly, or at the end of the loan, or at any amounts chosen by the homeowner.

4. A Reverse Mortgage Line of Credit does not recast like a traditional equity line. A traditional home equity line of credit is an interest only loan for 10 years, after which time it becomes fully amortizing, meaning that the monthly payments will shoot up ten years after you got the loan. So, if you got a regular HELOC at 62, you'd be facing payment shock at 72, when it's likely that your income has gone down. On a reverse mortgage equity line, there is no frightening “payment shock.”

In addition, qualifying for a HELOC today is no easy task for people in their retirement years. It's no longer about how much equity you have, it's all about your monthly income, which is the one thing retirees generally don't have in large supply. With real estate home values high, and interest rates so low, now might be the time to get a reverse equity line, even if you don’t need the money today. It’s a good thing to have, just in case you need the money down the road. Rick McKinley, of a Financial Planner with Prudential has some sage advice about looking into reverse mortgages. Says McKinley, “It’s better to have the equity line and not need it than to need it and not have it, in case you might need it down the road."

Paul E. Scheper, President
Loangevity Mortgage
+1 9496367242
email us here


Source: EIN Presswire

Top 10 Reasons People get Reverse Mortgages

Top 10 Reasons People get Reverse Mortgages

Loangevity Mortgage

A reverse mortgage might be the answer

You can’t take it with you – Enjoy Your Retirement Now

Reverse Mortgage Expert

Paul Scheper, CRMP, CSA, MBA

Top 10 reasons why a reverse mortgage might be suitable

A reverse mortgage is not a free lunch, nothing in life is free.”

— Troy Paepke

IRVINE, CA, UNITED STATES, November 27, 2020 /EINPresswire.com/ — During the Covid-19 pandemic, Reverse Mortgages are more popular than ever.
Here are the TOP TEN reasons that, since 1988, over ONE MILLION homeowners have obtained a reverse mortgage.
And, ironically, these ten reasons are the same "top ten" reasons people choose reverse mortgages in the year of Covid-19.

1. To live in their homes forever, or for as long as possible;
2. To not fear “outliving” their money;
3. To payoff and replace their existing mortgage (which requires a mandatory monthly payment) with a reverse mortgage, which allows all payments to be deferred until the end of the loan;
4. To off high interest rates on credit cards;
5. To make necessary home improvements;
6. To handle medical bill payments, co-pays for insurance, and medicare deductibles, and prescription drug costs;
7. To replace Social Security Income when a spouse passes;
8. To replace the cash flow when an IRA-401K-Pension stops paying out;
9. To replenish savings, to improve monthly cash flow;
10. To establish a line of credit, just in case problems/challenges occur later on in retirement.

Reverse mortgage safeguards make this a safer, more sensible solution than ever. Mandatory counseling sessions help the seniors ask questions and get the numbers. There are restrictions on how much a senior can borrow and there are more choices than ever.
The five words that describe a reverse mortgage – It is just a loan. Sometimes it’s a suitable and appropriate way for a senior homeowner to age in place, to be happy, and comfortable. It need to be the right loan, for the right person, for the right property, and for the right reason.

Qualifications are very similar to getting a traditional loan, except the income and credit score requirements are not quite as robust. The homeowner must continue to make regular property tax payments, and insurance and association dues, just like with all home loans. The main difference is there is a age requirement, an home equity minimum and an occupancy requirement. "It's not a free lunch, nothing in life is free," says Troy Paepke, of Loangevity Mortgage. Paepke further points out, "The borrower still pays mortgage interest, but instead of paying it monthly, it can be charged at the end of the loan."

Paul E. Scheper, President
Loangevity Mortgage
+19496367242 ext.
email us here


Source: EIN Presswire

Reverse Mortgages 101: A Primer

Reverse Mortgage Expert

Paul Scheper, CRMP, CSA, MBA

Reverse Mortgages - The Basics

Reverse Mortgages Explained

Financial Implications of a Reverse Mortgage

The Sense & Cents of Reverse Mortgages

Education is the key to understanding Reverse Mortgages

A reverse mortgage needs to be suitable, sensible and appropriate for senior homeowners.”

— Paul E Scheper, CRMP, MBA, CSA, SRES

IRVINE, CA, UNITED STATES, November 27, 2020 /EINPresswire.com/ — A Reverse Mortgage is just a loan. It's like all loans — their are fees to get one, and interest to be paid on it. The biggest difference is that a reverse mortgage does not require a monthly payment to be paid "to" the lender. Instead, the interest on a reverse mortgage can be deferred, or accrued, or "tacked onto" the growing loan balance.

A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. Unlike a forward mortgage—the type used to buy a home—a reverse mortgage doesn’t require the homeowner to make any loan payments. It's not too good to be true, because it is just a loan. It's not a free lunch.

For over One Million senior homeowners, a Reverse Mortgage removes financial stress because, unlike other mortgages, no payment is due until the home is no longer the primary residence of the borrower. So borrower(s) are not required to make monthly mortgage payments. (Note: the homeowner must make their normal tax, insurance and HOA dues on time.) Cash flow increases removing the financial stress. Homeowners qualify if they are 62 or older, own their home, occupy their home as their primary residence, and have enough equity to pay off any current mortgages or liens. They also have to demonstrate their ability to pay the property taxes and insurance in the future.

A reverse mortgage contains a "non-recourse" provision, which helps the senior homeowner (and their heirs) to have no personal liability. The borrowers or their heirs are never required to pay more than the fair market value of the home upon repayment of the reverse mortgage. The mortgage is only on the property and is not the liability of any person. So if one stays in their home a long time and the balance due is more than the value of the home, the borrower or their heirs are not responsible for the difference in payment of the debt. The same is true if the property value decreases.

When initiating a reverse mortgage, generally the older the borrower(s) the larger percentage of funds they can access. The Line of Credit grows on the HECM, making more funds available for future use. The proceeds are tax-free and Social Security and Medicare are not affected because it is a loan against the property so the proceeds are not considered income. (Note: Consult a tax advisor and/or legal services for your situation.)

Income, assets and credit score do not determine one’s reverse mortgage interest rate as they do with a conventional mortgage. The initial interest rate on a conventional mortgage will be higher with lower income, assets and/or credit scores. The initial interest rate on the HECM adjustable rate programs (the most common Reverse Mortgage program) is based on the U. S. Treasury CMT (effective December, 2020), plus a margin. The interest rate has often been lower than what one could qualify for on a conventional mortgage. While the interest rate is not impacted by income and credit, they are used for the financial assessment to determine borrower’s ability to pay property taxes and insurance into the future.

There are no restrictions on how the proceeds can be used. Borrowers can stay in their home as long as they choose and access the cash now.
Reverse mortgages help seniors plan for future and maintain lifestyle. The main reason people like reverse mortgages is because they offer seniors a sense of control and comfort with their retirement plans, along with financial freedom and peace of mind.

Are reverse mortgages right for everybody? No. Before getting a reverse mortgage, seniors should meet with an approved FHA lender to receive a "suitability test" to make sure a reverse mortgage is the right loan, for the right person, at the right time, and for the right reason.

Paul E. Scheper, President
Loangevity Mortgage
+19496367242 ext.
email us here


Source: EIN Presswire

Mobile Edge Delivers New Holiday Gift Ideas

Just in time for Black Friday and Cyber Monday

Gear Up with these Holiday Stuffers & Small Gift Ideas from Mobile Edge

Mobile Edge adds news personal productivity and power accessories with its lineup of award-winning protective laptop cases and backpacks

Despite all the twists and turns, one thing has remained constant: our commitment to providing professionals, students, & gamers with access to top-notch protective cases and backpacks for their tech”

— Paul June, VP of Marketing

ANAHEIM, CA, USA, November 26, 2020 /EINPresswire.com/ — Looking for practical, useful gifts to fill your loved ones' stockings or to give friends and colleagues this Holiday Season? Mobile Edge makes it easier than ever with a wide range of personal productivity and mobile power accessories, plus our award-winning lineup of protective laptop cases and backpacks.

Best of all, 'Tis the season to start enjoying incredible site-wide savings right now on all Mobile Edge products. With daily flash deals, limited-time specials, and big savings on bundles, and clearance items now through December, there’s no need to wait for Black Friday or Cyber Monday.

"I think most would agree that 2020 has been quite the year," explains Paul June, VP of Marketing for Mobile Edge. "Despite all the twists and turns, one thing has remained constant: our commitment to providing professionals, students, and gamers with access to the top-notch protective cases and backpacks they need to store and organize their gear, as well as a growing lineup of high-quality productivity, power, and other must-have accessories."

GADGETS GALORE
Accessories designed to make your life at work and play easier:

Xpods True Wireless Bluetooth 5.0 Earbuds combine sleek modern styling, custom-tuned drivers, and the latest Bluetooth technology to deliver powerful and clear sound without distracting cables.

The All-in-One USB-C Adapter Hub turns a single USB-C Port into a powerhouse workstation. It securely connects most devices and/or peripherals to a laptop or tablet via a durable USB-C Cable, plus provides 4K HDMI Video Output, an SD/Micro SD Card Reader, and High Speed 2 USB ports for 5GB data transfer.

The USB Wall Charger Turbo 6 transforms one wall outlet into a 6-port USB charging station. With 50 watts of power, it can charge up to six devices simultaneously at blazing speeds.
• See all Personal Productivity products.

POWER UP
For power on the go, Mobile Edge offers several flexible and reliable solutions, including:
Our Core Power AC USB 27,000mAh Portable Laptop Charger, with its universal AC outlet, is ideal for power-hungry laptops and gaming consoles.

Designed to charge tablets/smartphones, and numerous other USB devices, the CORE Power 26,800 mAh Portable USB Battery/Charger easily fits in backpacks, messenger bags, and SlipSuit sleeves.

For QI-enabled devices, the versatile Mobile Edge Wireless Charging Mouse Pad reduces desktop clutter by doubling as an ultra-slim mouse pad and wireless charger.
• See all Mobile Edge Power Solutions.

MOUSE MATS & MORE!
• Core Gaming Mouse Mats: Standard (14” x 10”), Extra Large (32.5” x 15”)
• Alienware TactX Extra Large Gaming Mouse Mat (32.7” x 14.6”)
• Core Gaming Gel Wrist Rest (18.5” x 4” x .875”)

GIFT PACKAGES
If you’re looking for something that’s a little more than a stocking stuffer, check out these deeply discounted gift bundles, sure to please anyone on your list:

GAME ON! Gift Bundle—Looking for that one gift that will cover most gamer’s needs? Our Game On! Core Gaming Gift Bundle includes the Core Gaming Backpack with hook-and-loop panel (for displaying team badges and patches), the Core Power AC USB 27000 mAh Power Laptop Charger, our XL Core Gaming Mouse Mat, and our Core Gel Keyboard Wrist Rest.
• Related: see our entire Core Gaming Collection.

HOME OFFICE ACCESSORY Collection—Designed for the home office executive or busy professional working remotely, Mobile Edge’s Home Office Accessory Collection includes our All-in-One USB-C Adapter Hub, USB Wall Charger Turbo 6, Wireless Charging Mouse Pad, and our Core Gel Keyboard Wrist Rest.
• Related: see our entire Graphite Collection.

ROAD WARRIOR Package—Developed for that successful business executive who finds themselves constantly on the move, Mobile Edge’s Road Warrior Package includes our Professional Backpack, Laptop Security Cable Lock and Key, and Core Power AC USB 27000 mAh Power Laptop Charger.
• Related: see our entire Professional lineup.

Mobile Edge Gift Cards
When you’re not sure which gift is right for your loved one, Mobile Edge gift cards are available in denominations of $25, $50, $100, $150, $200, or $250. They can be applied towards any purchase at MobileEdge.com—and best of all, they don’t expire.
Link to Images & Sales Sheets: Click Here

About Mobile Edge
Founded in 2002, Anaheim-based Mobile Edge produces award-winning durable and protective laptop cases, messenger bags, backpacks, totes, and more for business professionals, road warriors, students, and gamers. Mobile Edge is known for its innovative and stylish designs, superior-quality, lifetime warranty, and commitment to customer satisfaction. Many leading computer manufacturers rely on Mobile Edge to design and build custom cases for their products.
# # #

PAUL JUNE
Mobile Edge, LLC
+1 310-503-1149
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire

Digital Security in The Post-pandemic Business Landscape

Image: Unsplash

COVID-19 is changing the digital threat perimeter

Despite the speed, we’re still at the early stages of the remote work revolution. If you have 5,000 employees, you now have 5,000 remote offices to protect”

— Juta Gurinaviciute, CTO at NordVPN Teams

UNITED STATES, November 26, 2020 /EINPresswire.com/ — According to the global research and advisory firm Gartner, spending on cloud security is predicted to be the fastest riser of all cybersecurity markets, with an expected increase of 33%, driving the market to an expected $585M this year.

In fact, cloud security is the smallest but fastest-growing segment of the cybersecurity market, driven by the small initial market size and companies’ opting for cloud-based cybersecurity solutions.

In March, when the global pandemic started, the business VPN solution NordVPN Teams saw a 165% usage spike and an almost 600% increase in sales overall, reflecting the unprecedented need for securing remote access. Since then, the digital threat to bandwidth has increased dramatically.

“In this rush to adapt, many companies have neglected or ignored both their risk and change management processes. Now that many employees have shifted to remote work — in addition to organizations being distracted trying to handle the virus — security and risk management teams need to be more vigilant than ever,” says Juta Gurinaviciute, Chief Technology Officer at NordVPN Teams.

Cybersecurity risks posed by remote work can be categorized into three key areas: people, places, and technology. The risks presented by people include employees falling prey to social engineering, phishing, and targeted attacks that aim to capture users’ credentials or make them accidentally download malware. Place-related risks include connecting to corporate networks from unsecured homes or public Wi-Fi.

Technological risks have to do with using personal or unauthorized devices that aren't in line with corporate security policies, and patching hardware.

“Despite the speed, we’re still at the early stages of the remote work revolution. If you have 5,000 employees, you now have 5,000 remote offices to protect,” the NordVPN Teams expert adds.

On the other hand, large, global businesses are continuing to encourage remote work for their employees. Larger companies are better suited to remote work primarily due to their access to innovative collaboration, resources, budgets, and communication services. Alternatively, many SMEs are quicker to adapt, and thus the transition may be easier for them. However, a lack of security education and resources has made SMEs a prime and vulnerable target for attacks.

Gurinaviciute comments: “Cloud computing has proven battle-ready during COVID-19, demonstrating it can support unplanned, unexpected, and dynamic needs.”

COVID-19 has set a new baseline for effective and secure remote work, and we should assume that many organizations will continue to utilize remote and distributed workforces after the pandemic ends. Gartner’s HR survey reveals that 41% of employees are likely to work remotely at least some of the time in the post-pandemic world. In this new normal, cybersecurity leaders will not only have to protect their organizations in remote settings but will also need to make cybersecurity an integral part of their plans to deliver business value.

ABOUT NORDVPN TEAMS

NordVPN Teams is a cloud-based VPN for business. NordVPN Teams has a full range of features to ensure convenience and powerful digital protection for organizations of all sizes, freelancers, and remote teams. NordVPN Teams offers advanced 256-bit encryption, secure remote access, malware blocking, two-factor authentication, unsecured traffic prevention, automatic connection on Wi-Fi networks, and 24/7 customer support. NordVPN Teams is available on all major platforms. For more information: nordvpnteams.com

Auste Valikonyte
NordVPN Teams
email us here
Visit us on social media:
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Source: EIN Presswire

Automotive Steering System Market Worth $45,349.8 Million by 2025 | Strategies, Technological Innovation & Top Players

The global automotive steering system market was valued at $29.42 billion in 2017 and is projected to reach $45.35 billion by 2025

PORTLAND , OREGON, UNITED STATES, November 27, 2020 /EINPresswire.com/ — The growth of the global automotive steering system market is driven by rise in disposable income of consumers and increase in demand for power steering systems in automotive due to their enhanced comfort and fuel efficiency, which ensure effortless driving experience, easy maneuverability, cost-effectiveness. However, the high cost of power steering systems is anticipated to impede the growth of the market. On the other hand, new technologies such as drive-by-wire is expected to be implemented in upcoming vehicles, which would provide promising prospects to the market in the near future.

Automotive Steering System Market Worth $45.35 Bn by 2025 at 5.4% : https://prn.to/3fwUlMP

Key market players
The key players analyzed in the report include China Automotive Systems Inc., JTEKT Corporation, Nexteer Automotive, Mando Corporation, ThyssenKrupp Presta AG, Robert Bosch Automotive Steering GmbH, Showa Corporation, NSK Ltd, Mitsubishi Electric Corporation, Sona Koyo Steering Systems Ltd., and Hyundai Mobis Co. Ltd. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

Inquire for 25 % discount on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2317

Automotive Steering System Market by Type (Hydraulic Power Steering, Electronic Power Steering, and Electro-Hydraulic Power Steering System) and Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2018 – 2025″. The report offers comprehensive analyses of the current market size & forecast, key winning strategies, industry dynamics, top investment pockets, and competitive landscape. According to the report, the global automotive steering system market was valued at $29.42 billion in 2017 and is projected to reach $45.35 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.

Electronic power steering segment to retain dominance through forecast period
The electronic power steering (EPS) segment occupied more than three-fifths of the total market share in 2017, and is expected to maintain its lead through 2025. This is due to the fact that EPS ensures easy maneuverability and high fuel efficiency. Meanwhile, the hydraulic power steering segment is projected to witness the highest growth rate during the forecast period, registering a CAGR of 7.8%, owing to its enhanced accuracy of the steering while cornering and turning. The electro hydraulic power steering segment would witness a steady growth rate during the forecast period.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2317

Passenger vehicles segment to retain dominance, commercial vehicles segment to manifest fastest growth through 2025

The passenger vehicle segment accounted for almost three-fourths share of the total revenue in 2017 and is expected to retain its dominance throughout the forecast period. This is due to the increased demand for sedans, luxury sedans, and mid-range vehicles that have robust steering systems to ensure seamless drivability. On the other hand, the commercial vehicle segment is expected to grow at the fastest CAGR of 7.2% through 2025, owing to the surge in need for power steering systems in heavy vehicles that are used in mining, construction, and other sectors.

Asia-Pacific to retain lion’s share through 2025

Asia-Pacific accounted for nearly two-fifths share of the global market in 2017, and is expected to continue its dominance through 2025 owing to continuous developments in the automotive sector and increase in production of heavy commercial vehicles coupled with higher adoption rate of such systems as compared to other regions. The automotive steering market in Europe is projected to grow at the fastest CAGR of 7.1% during 2018-2025, owing to the presence of numerous countries with a well-developed automotive industry. Such countries have massive production of automotive ranging from low-end vehicles to luxury sedans, which require advanced steering systems. The other regions analyzed in the report include North America and LAMEA (Latin America, Middle East, and Africa).

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David Correa
Allied Analytics LLP
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Source: EIN Presswire

Unmanned Ground Vehicle Market Size Will Hit $3,358 Million By 2023 | Industry Trends, Top Manufacturers, Growth

ncreased demand of UGVs in civilian application and high operational efficiency favor market growth.

PORTLAND , OREGON, UNITED STATES, November 27, 2020 /EINPresswire.com/ — According to a new report by Allied Market Research, titled, Unmanned Ground Vehicle Market by size, by mode of locomotion, by operation, by application Type: Global Opportunity and Forecast, 2017-2023, the unmanned ground vehicle market was valued at $1,497 million in 2016, and is projected to reach at $3,358 million by 2023, growing at a CAGR of 11.1% from 2017 to 2023. This is attributed in reference to reduction in risk of human life, increased demand of UGVs in civilian application, and impressive vehicle combat performance.

The size segment includes small, lightweight, medium, and heavy. By mode of locomotion, the market is divided into tracked, wheeled, and legged. Operation segment is bifurcated into automated and teleoperated. Based on application, the market is categorized into defense and commercial.

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Reduction in risk of human life and increased demand of unmanned ground vehicle in civilian applications consisting of homeland security and commercial purpose a fuel the growth of the market. However, the restricted battery life of vehicles limit the growth.

The small size UGV segment is projected to grow at the CAGR of around 12.4% during the forecast period. Increased demand of UGVs in civilian application and high operational efficiency favor market growth.

The wheeled type mode of locomotion of UGVs segment dominated the market in 2016, followed by tracked type. Furthermore, these segments collectively accounted for around 96.6% share of the overall unmanned ground vehicle market revenue in 2016. The agriculture sectors providing lucrative options for the wheeled unmanned ground vehicles. In addition, increased use of the unmanned vehicles in the mining industry favors unmanned ground vehicle market growth.

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By application, the commercial segment is expected to grow at CAGR of around 18.6% followed by defense segment. These vehicles are used to move material at a mining site, assist in snow removal on road side in winter season, and patrolling thereby favoring market growth.

Key Findings of the Unmanned Ground Vehicle Market:
1 The small size UGV segment is expected to grow at the highest CAGR during the forecast period.
2 The wheeled type segment dominated the unmanned ground vehicle market growth in 2016.
3 North America was the highest contributor in the overall unmanned ground vehicle market size in 2016; however, in terms of growth, the market in Asia-Pacific is estimated to grow at the highest rate.
4 U.S. led in terms of expenditure on unmanned ground vehicle in 2016.

Driving factors for the market

• Reduction in risk of human life
• Increased demand in civilian applications
• Impressive vehicle combat performance

Market Restraints and Opportunities:

• The cuts in defense budgets
• Restricted battery life of the vehicles
• Demand for autonomous control systems

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About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Source: EIN Presswire

SEYMOUR FINANCIAL RESILIENCE INDEX TM PROVIDES DEEP DIVE ON FINANCIAL RESILIENCE & VULNERABILITY OF CANADIANS

During COVID-19 over 18 million adult Canadians are not ‘Financially Resilient’, with the financial health and resilience gap widening between June and October

The Index exposes the financial vulnerabilities of households during good and bad times, which can be contradictory or hidden from traditional measurements.”

— Eloise Duncan, CEO and Founder of Seymour Management Consulting Inc

NORTH VANCOUVER, BC, CANADA, November 26, 2020 /EINPresswire.com/ — SEYMOUR MANAGEMENT CONSULTING INC. RELEASES OCTOBER SEYMOUR FINANCIAL RESILIENCE INDEX TM PROVIDING A DEEP DIVE ON THE FINANCIAL RESILIENCE AND VULNERABILITY OF CANADIANS DURING COVID-19

Seymour Management Consulting Inc., a Canadian financial consulting firm and leading independent authority on financial health, released its October 2020 Seymour Financial Resilience Index TM.

A unique Index and the first of its kind in the world, the Seymour Financial Resilience Index TM Index measures a consumer or household’s ability to get through financial hardship, stressors and shocks as a result of unplanned life events based on nine behavioural, sentiment and resilience indicators. The index measures a households’ ability to bounce back from financial stressors and shocks at the national, provincial, segment and individual household levels, including for Big Five bank customers. The Index is comprised of four “resilience segments” – “Extremely Vulnerable, Financially Vulnerable, Approaching Resilience, Financially Resilient.”

“We created the Index because we wanted to bring to light the behaviours, sentiments and factors affecting Canadians’ financial resilience,” says Eloise Duncan, CEO and Founder of Seymour Management Consulting Inc. [‘Seymour Consulting.’] “The Index exposes the financial vulnerabilities of households during good and bad times, which can be contradictory or hidden from traditional measurements. Our data shows that as Canadians, we’re by and large dutiful in paying our liabilities and debts on time, but many of us have financial challenges underneath, that can influence our ability to get through financial stressors or shocks; influence our relationship to money or have impacts on our current and future behaviours.”

The Index, and FHI dataset, provides a new macro-lens for policymakers, economists, bankers, lenders and other organizations on the changing financial resilience of households, including for example, those who have or haven’t experienced job losses and/or reduced hours as a result of pandemic impacts, and who have or haven’t accessed Government COVID-19 financial relief or mortgage or loan deferral programs from their Financial Institutions.

Adds Duncan, “Using the iceberg analogy, financial resilience is what is under the water and not generally visible. It can be large (Financially Resilient) or small (Extremely Vulnerable). The index and financial resilience score shines a light under the water to see just how resilient we are. It can be a tool to help inform and guide Financial Institutions, Governments and other organizations across our ecosystem to support their customers, citizens, key populations and communities in a more meaningful and targeted manner.”

Developed over four years by Eloise Duncan, CEO and Founder of Seymour Consulting and her team, the Index is complemented by the longitudinal data and measurement on the financial health of Canadians, based on Seymour’s Financial Health Index [FHI] studies survey data.

“The Index provides a financial resilience score from 0-100, across the four financial segments from “Extremely Vulnerable” to “Financially Resilient”, with “Financially Resilient” households representing only 28% of the adult Canadian population, and all income demographic groups represented across all four segments ,” adds Duncan. “What we’re seeing based on the October index is increasing financially vulnerability particularly for households impacted by job losses and/or reduced hours, which are disproportionately impacting ‘Extremely Vulnerable’ and’ Financially Vulnerable’ households. Based on our data, of concern is how some households, despite working harder to adjust their behaviours to make ends meet and having accessed Government COVID-19 support and/or payment deferral programs or other help to bridge through, are still falling behind, with their financial resilience scores worsening. Incidentally more of these people are also feeling less well supported by their primary Financial Institution, and/or are having difficulties in accessing financial services, education, advice or help.”

The October Index release shows how Canadians’ sentiments and consumer and financial behaviours are changing in the first eight months of the pandemic with real differences by province and across the four financial resilience segments.

• 67% of Canadians agree that the pandemic has made them re-think their relationship with money, and 33% now worry often about having their household income reduced as a result of COVID-19 or a future recession.
• 63% of households have significantly reduced their non-essential expenses in October, up from 61% in June and 42% of households have drawn down on their savings, up from 30% in June.
• 15% of households report saving significantly or moderately more now compared to pre-pandemic (but this is 31% for Financially Resilient Canadians) whereas 51% of Financially Vulnerable and 41% of Extremely Vulnerable households respectively are saving significantly or moderately less.
• Canadians have been creative in other ways to reduce their expenses and make ends meet, with 9% moving house or changing accommodation to reduce living expenses; 17% having sold or pawned something to get by and 11% having deferred utility payments.
• Many Canadians are paying down debt or consolidating their debt and reducing their borrowing for everyday expenses. That said, 27% Canadians reported that they worry often about managing their overall debt load in October.

The Index shows many differences in the financial resilience scores, behaviours and vulnerabilities for different demographic groups; also based on different financial stress/ wellness, resilience/ vulnerability and consumer and financial health indicators tracked since 2017. For example, as of October, Extremely Vulnerable households are working much harder than ever to make it through – with 80.7% if them reported having significantly reduced their non-essential expenses, up significantly compared to 70.3% in June. 43.6% have had to increase borrowing for everyday expenses (up from 31.4%) and 66.2% have drawn down on their savings, compared to 49.7% just three months prior.

For more information about Seymour Consulting and the Index, visit http://financialhealthindex.org.

About Seymour Management Consulting Inc.
Seymour Management Consulting Inc. is a Canadian financial services consulting firm founded in 2009. We are the leading independent authority on financial health in Canada and members of the C.D. Howe Institute. Through our team of experts and partners, and by applying the Seymour Financial Resilience Index TM, we deliver measurement, research and analytics, strategic consulting and collaborative innovation. Our vision is for financially healthy, resilient Canadians.

Cynnamon Schreinert
HartleyPR
+1 604-802-2733
email us here


Source: EIN Presswire

Golf Cart Market to Generate $2.25 Billion By 2026 | Major Companies, Strategies and New Trends

Golf Cart Market

Golf Cart Market

The report presents detailed analyzes of other applications such as golf course, personal services, and commercial services.

PORTLAND , OREGON, UNITED STATES, November 27, 2020 /EINPresswire.com/ — The global Golf Cart Market accounted for $1.71 billion in 2017 and is expected to garner $2.59 billion by 2023, growing at a CAGR of 7.2% through 2023. Increased urbanization & industrialization in developing countries and the rapid utilization of golf carts across hotels and hospitality businesses are expected to fuel the growth of the global golf cart market.

The Objective of the “Global Golf Cart Market” report is to depict the trends and upcoming for the Golf Cart industry over the forecast years. Golf Cart Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2099

Low torque and speed of golf carts coupled with high initial maintenance and procurement cost hampers the growth of the market. On the contrary, recent technological advancements and plummeting cost of fuel cells & batteries are expected to provide lucrative opportunities for the market players in the future.

The solar golf cart segment is expected to register the fastest CAGR of 9.1% through 2023, as solar golf carts offer several tax benefits as well as emit fewer toxic pollutants. In addition, electric golf cart segment is expected to hold the largest market share, contributing almost half of the total market by 2023. The study includes the analysis of gasoline golf carts.

The personal services segment is expected to grow at 8.6% CAGR through 2023, as golf carts offer an efficient transport alternative at residential complexes, commercial spaces, utilities, and recreational grounds. However, golf course segment would account for the highest revenue by 2023, contributing about 42.7% of the total market. The report presents detailed analyzes of other applications such as golf course, personal services, and commercial services.

North America is expected to hold the largest share of the market, contributing more than one-third of the total market. The Asia-Pacific market is expected to grow at the fastest CAGR of 8.6% through 2023, owing to rapid urbanization in countries such as India and China and increase in disposable income. The golf cart markets in Europe and LAMEA have also been considered in the scope of the study.

Download Sample Report at https://www.alliedmarketresearch.com/request-sample/2099

Key market players in the global golf cart market

The report presents the profiles and strategic developments of key market players including,

Garia Inc.
Ingersoll Randplc
Maini Materials Movement Pvt. Ltd.
Textron Specialized Vehicles Inc.
Xiamen Dalle Electric Car Co. Ltd.
Hitachi Chemical Co. Ltd
JH Global Services Inc.
Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
Tomberlin
Yamaha Golf-Car Company.

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About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Allied Analytics LLP
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Source: EIN Presswire

Eventene® Releases Version 3.5 with International Support

Event Planners

Event Planners

Eventene now works worldwide, with support for multiple languages, time zones, and payment processing in over 135 currencies.

SANTA MONICA, CALIFORNIA, USA, November 26, 2020 /EINPresswire.com/ — SANTA MONICA, California- November 25, 2020 – Every day, countless organizations plan events across the globe. With the release of version 3.5, Eventene can now service the event planning needs of 45% of the world’s population with its support for multiple languages, time zones, and ability to process payments during event registration in over 135 currencies.

Eventene now supports multiple languages, including English, French, German and Portuguese. During online event registrations, participants can select their preferred language and receive confirmation emails in their own language. The system remembers their language preference for future sessions. Event organizers benefit too, as the entire Eventene planning system has been localized.

International events require payments in different currencies, and Eventene now supports 135+ currencies, including the US Dollar, Euro, British Pound, and Swiss Franc. Additionally, all European payments automatically utilize Secure Customer Authentication (SCA), a new European regulatory requirement that reduces fraud and makes online payments more secure.

“Our vision from the start was to build a global event management system, with integrated support for multiple languages, local date/time formats, time zones, and international phone and address formats. These international features are especially needed for Virtual Events, where participants can join online from anywhere.” said David Wood, CEO. "Now that we have made the investment to fully localize Eventene, it will be easier to add more languages as our customers request them.”

At the onset of the COVID-19 pandemic earlier this year, Eventene quickly adapted to support Virtual Events by integrating popular video conferencing services, including Zoom, Google® Meet, and Microsoft® Teams. All countries need the ability to plan and host Virtual Events, and Eventene can now serve their needs with improved international support.

About
Eventene provides an All-in-one Event Management System for event organizers and activity directors in small-medium businesses, organizations, and associations. Eventene’s platform optimizes planning for a wide variety of Events types, including virtual or in-person, public or private, and paid or free.

Eventene is a registered trademark of Eventene, LLC

David Wood
Eventene
+1 8333836863
contact@eventene.com
Visit us on social media:
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Twitter
LinkedIn


Source: EIN Presswire