See Concept Wed, 03 Aug 2022 10:00:55 +0000 en-US hourly 1 See Concept 32 32 Why Graham Stephan believes ‘too many people’ have locked themselves into expensive car loans Wed, 03 Aug 2022 10:00:55 +0000

Image source: Getty Images

It’s really a big problem.

Key points

  • Many people have no choice but to finance a car through a car loan.
  • Because cars have been so expensive and consumers have been quick to borrow, we could be heading for a crash in the auto market.

Some real estate experts have issued warnings about a possible collapse in the real estate market. But that’s unlikely to happen for a big reason.

Currently, the supply of homes on the market is very limited and buyer demand is still strong. Even as buyer demand declines due to factors such as rising mortgage rates, the reality is that homeowners are sitting on record levels of equity. It is therefore unlikely that we will experience a scenario like the one we experienced in 2008, when foreclosure rates skyrocketed and homes began to flood the market at a faster rate than demand.

But while a housing market crash may not be imminent, real estate expert and YouTube personality Graham Stephan fears the auto market is heading for a major upheaval. And that’s something consumers should be aware of.

Consumers have borrowed too much

Most vehicle purchases are financed through an auto loan, and that’s understandable. But unlike mortgage lenders, who tend to impose strict borrowing conditions, auto lenders aren’t very strict. And so it’s pretty easy for the typical consumer to get approval to borrow for a car, even if they can’t really afford the payments they’re making.

Additionally, car buyers with poor credit tend to end up with high mortgage rates. That means they might have a harder time dealing with their car loan debt than the typical buyer.

Stephan estimates that 25% to 50% of auto loans go to consumers who may not be able to repay them. And now, 5% of auto loan borrowers are behind on their payments, and almost 50% are underwater on their auto loans, meaning the amount they owe on their vehicles exceeds the value of those vehicles. themselves. It’s all very reminiscent of the housing crash of 2008, except we’re talking about cars, not houses.

But the underlying problem is the same. Stephan thinks too many people have taken on car loans they can’t afford. Those who are unable to meet their payments – whether due to job loss or some other reason – will not be able to sell their cars for as much money as they owe their lenders. And people in this scenario risk having their car repossessed, like the number of owners who were foreclosed in the 2008 housing crash.

But if this situation were to occur, the auto market could easily be flooded with inventory. That’s not necessarily a bad thing for consumers looking for a car. But that’s bad for the auto industry and the economy as a whole (because really, no one wants to hear about bailouts from the automakers).

Borrowers need to be careful

It’s too late for existing auto loan borrowers to go back in time and not take out expensive loans that they can’t really afford. But those currently in the market for a car should be aware of how much they are borrowing – and also be aware of inflation when it comes to vehicle prices.

In fact, right now is actually a bad time to buy a car because inventory is still down, vehicle prices are high, and loan rates are rising. Those who need a car right away may not be able to delay that purchase. But those looking to upgrade a functional car may want to sit back and wait for more inventory to hit the market, whether that’s due to the opening of supply chains or an increase in repossessed vehicles. .

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Research 2022 eyewear market size is expected to reach Tue, 02 Aug 2022 10:42:21 +0000

Pune, India, Aug. 02, 2022 (GLOBE NEWSWIRE) — The world eyewear market size was USD 105.56 billion in 2020. The market is expected to grow from USD 114.95 billion in 2021 to USD 172.42 billion in 2028 with a CAGR of 6.0% over the period 2021-2028. This information is published by Fortune Business Insights™ in its report titled “Eyewear Market, 2021-2028”.

According to our expert analysts, in the current situation, people want to use glasses due to the growing awareness of optical conditions, combined with the increasing frequency of vision irregularities. For example, in 2020, according to the Lancet Global Health, an estimated 43.3 million people were expected to be blind, of which 23.9 million were women.

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eyewear market Report Scope:

Report cover Details
Forecast period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 6.0%
2028 value projection $172.42 billion
Year of reference 2020
Market size in 2020 $105.56 billion
Historical data for 2017 to 2019
Number of pages 120

Drivers and Constraints

Growing Occurrence of Eye Health Problems to Support Market Growth

On a global basis, there is an upsurge in vigilance related to optical conditions in emerging countries, which should inflate the acceptance of eyewear products. Larger population of people suffering from eye diseases is expected to be one of the significant factors impacting the growth of the eyewear market.

Based on predictions given by the World Health Organization in 2015, by 2020 there will be approximately 2.2 billion new frequencies of myopia worldwide. In countries like South Korea, Japan, and China, individuals are adopting colored contact lenses for increased aesthetic intent.

Report cover

We provide reports that are conducted with a comprehensive review approach that primarily focuses on providing accurate material. Our researchers have applied a data triangulation method which further helps us to come up with reliable estimates and accurately test the dynamics of this market. Additionally, our analysts have been admitted to numerous international and regional funded registries to provide up-to-date material so that stakeholders and professionals only invest in critical areas.

To learn more about the short and long term impact of COVID-19 on this market, please visit:

Frequently Asked Questions:

  1. Is the eyewear industry growing?

Eyewear Market size was USD 105.56 Billion in 2020. The market is expected to grow from USD 114.95 Billion in 2021 to USD 172.42 Billion in 2028 with a CAGR of 6.0% during the period 2021- 2028.

  1. Who are the main players in the eyewear market?

Alcon (subsidiary of Novartis AG) (Switzerland) , EssilorLuxottica (France) , CooperVision (United States) , Johnson & Johnson Services, Inc. (United States) , Bausch Health Companies Inc. (United States) , Carl Zeiss ( Germany), Fielmann AG (Germany), Safilo Group SpA (Italy)

  1. What are the key factors increasing the market?

Eyewear Market to Reach USD 172.42 Billion by 2028; JINS launches JINS&SUN in the United States with 29 different shapes and 84 styles

The purchase rate of eyeglasses and sunglasses severely affected by the COVID-19 pandemic

The regional spread of the coronavirus has significantly impacted sales of eyewear, such as sunglasses, contact lenses, prescription glasses, and sunglasses. Additionally, government organizations around the world had imposed strict lockdown regulations early in the spread of the pandemic. This resulted in the closure of eye clinics, as well as retail stores selling eyewear for an extended period. These factors have hampered the demand for eyeglasses amid the pandemic.


Based on product type, the market can be divided into eyeglasses, sunglasses, and contact lenses. The eyewear segment was expected to hold the largest share of the overall market in 2020. The segment is expected to maintain its dominant position by the end of the forecast period. He generated 79.1% in terms of share in 2020.

By distribution channel, the market is categorized into retail stores, online stores, and eye clinics. In terms of region, the market is categorized into North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.

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Regional outlook

North America to Lead on Growing Approval of Eye Care Products

North America held the maximum eyewear market shares and generated revenue worth USD 30.87 billion in 2020. Rising approval of eye care products is expected to increase market growth in this region.

Europe held the second largest market share. Aspects such as the inclination towards premium eye care products, greater awareness of eye conditions, and the growing ability to purchase exclusive sunglasses are expected to drive the market in European countries.

On the contrary, Asia-Pacific is expected to follow North America in the global eyewear market in terms of revenue by 2028.

Competitive landscape

Key players such as Johnson and Johnson Services, Inc. and Alcon hold large market shares

The market is highly fragmented due to the existence of regional and international players. The major companies are in the contact lens market and in the glasses and sunglasses market. Additionally, Johnson and Johnson Services, Inc. holds the maximum share of the global contact lens market, followed by Alcon.

industry development

March 2021: JINS eyewear announced the unveiling of JINS&SUN sunglasses brands, especially in the United States, with 29 different models as well as 84 styles.

List of Key Players Covered in the Report

  • Alcon (part of Novartis AG) (Switzerland)
  • EssilorLuxottica (France)
  • Cooper Vision (USA)
  • Johnson & Johnson Services, Inc. (USA)
  • Bausch Health Companies Inc. (USA)
  • Carl Zeiss (Germany)
  • Fielmann AG (Germany)
  • Safilo SpA Group (Italy)
  • Other top players

Quick Buy – Eyewear Market

Contents :

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
  • key ideas
    • New Product Introduction / Approvals (by Major Players)
    • Eye Disease Epidemiology – For Key Countries
    • Key Industry Developments – Mergers, Acquisitions and Partnerships
    • Snapshot: U.S. Reading Glasses Market
    • Main eyewear market trends
    • Impact of COVID-19 on the global market
  • Global Eyewear Market Analysis, Outlook and Forecast, 2017-2028
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Product Type
      • Eyeglasses
      • Sun glasses
      • Contact lenses
    • Market Analysis, Outlook and Forecast – By Distribution Channel
      • Retail store
      • Online Store
      • Ophthalmic clinics
    • Market Analysis, Outlook and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
  • North America Eyewear Market Analysis, Outlook and Forecast, 2017-2028
    • Main results/summary
    • Market Analysis – By Product Type
      • Eyeglasses
      • Sun glasses
      • Contact lenses
    • Market Analysis – By Distribution Channel
      • Retail store
      • Online Store
      • Ophthalmic clinics
    • Market analysis – by country

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]]> August 1, 2022 – The Mercury News Mon, 01 Aug 2022 10:00:52 +0000

“I give up,” Cy the cynical told me. “I surrender.”

“Minnie got you again?” »

Minnie Bottoms, a senior member of my club, wears old bifocals that cause her to confuse kings and jacks, often to the dismay of her opponents. Cy was Minnie’s main victim.

Cy played today’s 3NT and West led a spade. When dummy played low, Minnie, East, contributed jack! The Cynic took his queen and led a club, but Minnie won and led the king of spades. She won the next club and led her last spade, and West ran the spades. Down one.

jack of spades

“She thought her jack of spades was the king,” I smiled.

“No way,” Cy said. “She’s an expert disguised as a little old woman. The woman has my number.

“You have your own number,” growled Wendy, Cy’s opponent.

Minnie’s acting was okay; on bidding, West could have no points. As for Cy, he makes 3NT by putting dummy’s ace on the first spade or by letting Minnie’s valet win. Either playing would earn an exclamation point from me.


You hold: SKJ 3 H 10 9 6 5 DQ 10 7 4 CA K. You open a diamond and your partner announces a spade. What are you saying?

ANSWER: Expert opinion can be divided into two. A bid of 1NT, promising a balanced minimum opening bid, would be perfectly acceptable. I would try two spades. I’ve found raising a major flush response with good three-card support in a flush-oriented hand to be a winning tactic. Bidding is easier when a trump is suggested quickly.

South Dealer

BORN. vulnerable


SA 9


DJ 8 2

CQJ 10 9 2


S 10 8 7 6 5

H 8 4 3

D 9 6

C 8 5 3



M 10 9 6 5

QD 10 7 4



PI 4 2


DAK 5 3

C 7 6 4

South West North East
1NT Pass 3NT All Pass
Opening cable — S 6

©2022 Tribune Content Agency, LLC.

Chime App Review: What We Like, What We Don’t Mon, 01 Aug 2022 08:01:59 +0000

Budget-conscious customers tired of getting paid through traditional bank accounts will benefit the most from using the Chime app.

Chime offers checking and savings accounts with no monthly fees or foreign transaction fees. Additionally, there is a credit creation tool that you can use to create credit from scratch for free.