Here at RetirementSavvy, we often talk about the importance of your fiscal health and your physical health; and the nexus between the two. Two well-known components of physical health are diet and exercise.
In a recent Vox article, Julia Belluz and Javier Zarracina take a hard look at exercising and luxury studios; and wondering what exclusive gyms like Flywheel and SoulCycle mean for America’s epidemic of physical inactivity.
They draw attention to two diverging trends in American exercise. On the one hand, new cycling, spinning, yoga, barre, and CrossFit facilities are popping up in cities all over the US, and now make up about 35 percent of the US exercise market, according to the International Health, Racquet & Sportsclub Association (IHRSA). The fitness industry overall generated $25.8 billion in revenue in 2015, up from $20.3 billion in 2010. Much of that growth is coming from these newer boutique facilities: membership at studios like Flywheel and SoulCycle … Read the Article