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One-Quarter Of Americans Felt Stress Over Money Last Year

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Americans

Have you felt financially stressed recently? You are not alone. Here is what causes financial stress and the best methods to tackle it and improve your personal finances.

The COVID-19 pandemic has been around for two years and financial support sent by the government at the beginning of this economic crisis is running out while many Americans still feel strapped for funds. Almost every person has been affected by the coronavirus pandemic that led to job losses and massive unemployment.

Job loss and temporary unemployment is another significant cause of financial stress. People who had a steady source of income suddenly became unemployed or faced lower income. Consumers weren’t ready to deal with such disruptions as many of them didn’t even have an emergency fund. Having no savings set aside for an emergency means that one day you can’t cope with a sudden financial shortfall and may need to take out a 1500 loan bad credit to cover immediate cash needs.

The CNBC+ Acorns Invest in You survey conducted by Momentive claims that 25 percent of Americans felt financially stressed all the time last year. This survey was performed on the web and 41% of 4,000 adults stated they felt occasional stress over money matters, while the remaining 34% said they rarely experienced financial stress last year. If you are among those who suffer from stress over your tight budget, keep on reading to find out what can be done to solve this issue.

Americans

Changes to Your Budget

Low-income households are those who are hit by financial stress the most. People with less monthly income or those who lost their jobs suffer from stress over personal finances – that’s nearly 60% of respondents. The changes to the budget should be made in order to overcome temporary financial issues and remain financially afloat.

Overspending is one of the reasons why people should start budgeting. You need to make smart monetary moves and serious changes to your attitude to personal finances. Spending less money each month is one of the top priorities if you want to have more funds left for debt repayment or your savings account. Many certified financial advisors recommend consumers prioritize their spending and leave the essential categories such as rent, utility bills, groceries, and medical costs until their finances become stable again.

Top Ways to Tackle Financial Stress

Financial challenges are faced by millions of American citizens today. Considering the present uncertain economic situation, shutdowns, and high unemployment rate, there is no doubt people feel financially stressed and need urgent help. Here are the best ways to manage financial stress during challenging times:

Set Priorities

Remember that you can’t control or change everything. You need to prioritize the things you can control and change your attitude toward them. For instance, you may want to lower your grocery bill by making shopping lists and looking for discounts. Try to reduce utility bills by cutting down your cable TV, unnecessary subscriptions, or entertainment expenses. Focus on things that you can control and work your way toward minimizing monthly spending.

Find Options To Earn More

If you were laid off and temporarily lost your steady job, there is no need to panic. Think about new opportunities you can use in order to make more money. Having a tight budget now can become your advantage if you look for alternative ways and new income sources. Think about the things you can do and what hobbies you may turn into side gigs that will bring you cash. You may search for options on special web platforms and find a part-time position as a freelancer, a babysitter, a driver, a tutor, etc.

Pay Down Your Bills

The worst thing that you can do while your budget is tight is postpone paying your bills. You can also prioritize the bills you have. Utility bills, medical expenses, and loan payments are the essentials you can’t forget to pay off. If you don’t pay these monthly charges they will inevitably pile up and take you into a vicious debt cycle.

Save Money

Even when your funds are tight you can try to save a bit. Do you have a savings plan? You need to have a plan to follow and remember to set some cash aside for your retirement as well. When you keep on saving some money each month you feel more secure and this sense of protection helps to release tension and relieve some of that financial stress. Choose a high-interest savings account at the local bank to maximize your savings.

Negotiate Your Debt Payments

You may also try to talk to your creditors about the debt burden and negotiate smaller interest rates. If you feel overwhelmed by financial stress, you can try to discuss your debt repayment plan and possible changes in fees that may help you repay the whole amount faster.

In conclusion

Financial stress is what millions of people experience today. Unemployment, rising inflation, and high prices have become common reasons for stress over personal finances. Many consumers don’t know how to deal with this stress and make mistakes or even become deep in debt. 

This is not the best way out as your aim is to cope with the current stress and find the most suitable solutions. People who want to eliminate this stress need to follow these tips and try to manage their funds in order to overcome temporary disruptions and solve current money issues without getting into debt.

Mahesh is leading digital marketing initiatives at RecentlyHeard, a NewsFeed platform that covers news from all sectors. He develops, manages, and executes digital strategies to increase online visibility, better reach target audiences, and create engaging experience across channels. With 7+ years of experience, He is skilled in search engine optimization, content marketing, social media marketing, and advertising, and analytics.

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At 30.20% CAGR, Truck Platooning Market Getting a Massive Growth of US$ 9.66 Billion by End of 2027 – Opportunities, Trends, Size, Global Demand | IMARC Group

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Truck Platooning Market
Truck Platooning Market

According to the latest report by IMARC Group, “Global Truck Platooning Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027“, the global truck platooning market reached a value of US$ 1.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.66 Billion by 2027, exhibiting a CAGR of 30.20% during 2022-2027.

Truck platooning includes linking of numerous trucks in convoy through the usage of modern technologies. It usually uses vehicle-to-vehicle (V2V) communication sensors and radar technologies to keep the trucks closely distant. The application of these systems assists in diminishing greenhouse gas (GHG) emissions and fuel utilization while enhancing the overall safety of automobiles. Truck platooning also organizes various processes for maintaining a structured transportation system, consequently reducing traffic congestion.

Request Free Sample Report: https://www.imarcgroup.com/truck-platooning-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Truck Platooning Market Trends and Drivers:

The market is primarily driven by technological developments and the increasing adoption of automated technologies. Additionally, the integration of automated driving assistance systems (ADAS) with trucks and the rising environmental consideration among individuals is also propelling the market growth. Besides, there has been implementation of traffic safety norms due to the rising instances of road accidents.

This has increased the adoption of truck platooning, whichaids in preventing accidents caused by driver errors. Furthermore, the rising number of infrastructural projects and the continuous enhancement in commercial operations across the logistics sector is catalyzing the market growth.

Moreover, the evolution of autonomous and semi-autonomous trucks that aid in lowering transportation costs and enhancing supply chain efficiency is escalating the product demand. Some of the other growth-inducing factors include rapid industrialization and digitalization, extensive research and development (R&D) activities and the rising investments by public and private firms in product innovation.

Global Truck Platooning Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AB Volvo, Aptiv PLC, Continental Aktiengesellschaft, DAF Trucks N.V. (PACCAR Inc.), Hino Motors Ltd. (Toyota Motor Corporation), Intel Corporation, Iveco Group N.V., Knorr-Bremse Aktiengesellschaft (Kb Holding GmbH), Peloton Technology, Robert Bosch GmbH, Scania AB (Traton SE) and ZF Friedrichshafen AG (Zeppelin-Stiftung).

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5281&flag=C

The report has segmented the market on the basis of region, platooning type, communication technology, technology, services and sensor type.

Breakup by Platooning Type:

  • Driver-Assistive Tuck Platooning (DATP)
  • Autonomous Truck Platooning

Breakup by Communication Technology:

  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Everything (V2X)

Breakup by Technology:

  • Adaptive Cruise Control (ACC)
  • Blind Spot Warning (BSW)
  • Global Positioning System (GPS)
  • Forward Collision Warning (FCW)
  • Lane Keep Assist (LKA)
  • Others

Breakup by Services:

  • Telematics-Based Services
  • Automatic Crash Notification
  • Emergency Calling
  • Navigation and Infotainment
  • On-Road Assistance
  • Remote Diagnostics
  • Vehicle Tracking
  • Platooning-Based Services
  • Pricing
  • Financial Transaction
  • Match Making

Breakup by Sensor Type:

  • Image Sensor
  • Radar Sensor
  • LiDAR Sensor

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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Frozen Food Packaging Market is to Expand at a 5.10% CAGR by 2027 | Global Demand, Size, Opportunities, and Forecast by 2022-2027

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Frozen Food Packaging Market
Frozen Food Packaging Market

According to the latest report by IMARC Group, “Global Frozen Food Packaging Market Analysis, Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global frozen food packaging market reached a value of US$ 41.96 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 57.33 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.

Frozen food products include vegetables, fruits, meats, seafood, etc., that are processed and preserved at an acute cold temperature for retaining nutrients. These consumer goods are later packed in various packaging materials, such as pouches, tubs, wrappers, bags, etc., to enable safer transportation. Frozen food packaging is a readily accessible, cost-effective, lightweight, and economical solution. Consequently, it is extensively utilized to preserve the color, flavor, aroma, and texture, thereby maintaining the quality and ensuring a longer shelf for the food items.

Request Free Sample Report: https://www.imarcgroup.com/frozen-food-packaging-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Frozen Food Packaging Market Trends and Drivers:

The escalating demand for ready-to-eat (RTE) meals is primarily driving the frozen food packaging market. Additionally, the rising adoption of modern technologies to develop attractive, innovative, and convenient-to-carry packaging solutions that efficiently protect, store, and extend the shelf-life of frozen perishable goods is further catalyzing the market growth.

Besides this, the growing utilization of plastic as a prominent frozen food packaging material, on account of its heat resistance and durable properties, is acting as another significant growth-inducing factor. Moreover, the increasing investments in R&D activities for adding new features in the packaging solutions, including zippers and top notches, are also positively influencing the global market.

Apart from this, the shifting consumer inclination towards online retailing and e-commerce distribution channels for shopping necessity items, owing to the sudden outbreak of the COVID-19 pandemic and the consequent implementation of mandatory lockdowns across countries, is anticipated to fuel the frozen food packaging market over the forecasted period.

Global Frozen Food Packaging Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Amcor plc, Berry Global Inc., Cascades Inc., Crown Holdings Inc., Huhtamäki Oyj, ProAmpac, Sabert Corporation, Smurfit Kappa Group plc, Sonoco Products Company and WestRock Company.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5293&flag=C

The report has segmented the market on the basis of region, type, product and material.

Breakup by Type:

  • Boxes
  • Bags
  • Cups and Tubs
  • Trays
  • Wraps
  • Pouches
  • Others

Breakup by Product:

  • Ready Meals
  • Meat and Poultry
  • Sea Food
  • Potatoes
  • Vegetables and Fruits
  • Soups

Breakup by Material:

  • Plastics
  • Paper and Paperboards
  • Metals
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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Engineered Wood Market by Type, Application, End User and Region | Analysis, Segmentation, and Forecast up to 2022-2027

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Engineered Wood Market
Engineered Wood Market

According to the latest report by IMARC Group, “Global Engineered Wood Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global engineered wood market reached a volume of 254.4 Million Cubic Metres in 2021. Looking forward, IMARC Group expects the market to reach 374.1 Million Cubic Metres by 2027, exhibiting a CAGR of 6.30% during 2022-2027.

Engineered wood, also called mass timber or man-made wood, represents a wide- range of derivative wood products that are manufactured by fixing or binding the fibers, strands, veneers, and wood chips together with adhesives to form composite wood structures. Some of the commonly available variants available in the market include particleboard, plywood, cross-laminated timber, glued laminated timber, finger joints, etc. They reduce waste and improve dimensional stability, thermal performance, rigidity, etc. Apart from this, engineered wood products offer structural simplicity, cost-effectiveness, high strength, etc. Consequently, they are extensively utilized in the manufacturing of household furniture items, such as kitchen cabinets, bookcases, windows, doors, wall and floor coverings, etc., across the globe.

Request Free Sample Report: https://www.imarcgroup.com/engineered-wood-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Engineered Wood Market Trends and Drivers:

The increasing demand for sophisticated and aesthetically appealing interiors and the expanding construction sector are primarily driving the engineered wood market. Moreover, the widespread adoption of construction materials, including medium-density fiberboard and oriented strand board (OSB), that offer improved fire resistance and earthquake-proof features is further catalyzing the market growth.

In addition to this, the rising need for modern spaces is augmenting the utilization of engineered wood products in commercial and residential establishments, owing to its several benefits, such as easy installation, shorter construction time, flexibility in design and style, etc., when compared to precast concrete, thereby also bolstering the global market. Furthermore, the growing investments in R&D activities aimed at developing superior adhesion techniques to enhance the production processes are anticipated to fuel the engineered wood market over the forecasted period.

Global Engineered Wood Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Boise Cascade Company, Havwoods Ltd, Huber Engineered Woods LLC (J.M. Huber Corporation), Louisiana-Pacific Corporation, Mayr-Melnhof Holz Holding AG, Nordic Structures, Pacific Woodtech Corporation (Daiken Corporation), Roseburg Forest Products Co. (Wilsonart), Stora Enso Oyj, Ufp Industries Inc., West Fraser Timber Co. Ltd and Weyerhaeuser Company.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5404&flag=C

The report has segmented the market on the basis of region, type, application and end user.

Breakup by Type:

  • I-Beams
  • Plywood
  • Laminated Veneer Lumber (LVL)
  • Glulam (Glued Laminated Timber)
  • Oriented Strand Boards (OSB)
  • Cross-Laminated Timber (CLT)
  • Others

Breakup by Application:

  • Construction
  • Furniture
  • Flooring
  • Packaging
  • Others

Breakup by End User:

  • Residential
  • Commercial and Industrial

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Continue Reading

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