Considering there’s plenty of sweating and shared equipment, gyms can be a potential hotbed for germs. As such, during the pandemic, many Americans sought other alternatives for staying in shape.
But, now that gyms are reopened, people are returning in greater numbers than before. In 2021, the total number of gym memberships increased 3.6% from pre-pandemic levels.
Skipping Leg Day
Not only are more people hitting the gym, but they’re also all scurrying to the same section: free weights.
There has recently been a notable increase in the number of people interested in lifting weights as opposed to running, cycling, or other forms of exercise. This is supported by data from fitness class aggregator ClassPass. In 2022, the company saw a 94% increase in strength training classes, year-over-year.
The trend is so dramatic that many gym clubs are now reorganizing their layouts to accommodate increased demand for free weights.
Lifting on a Budget
Joining a gym can be a great decision for your health, but it can also be a costly one for your budget.
Gym membership rates vary widely. While the most inexpensive options start at $10 per month, membership costs can reach up to $100 per month or more. It’s important to balance finding the facility that’s right for your body with the price that’s right for your wallet.
One way to save is to leverage free trials at gyms in your area. Many gyms will let you get at least one workout in for free. Some even offer free guest passes for up to 5 days. This allows you to try different gyms and find the perfect fit before committing.
If you’re more interested in the workout than the amenities, consider investing in home equipment. You can get in a solid workout using a few basic items such as a mat, resistance band, and dumbbells. While these may entail a steeper up-front cost, it could end up saving you in the long run.
Need more ideas? Check out our 8 tips for exercising on a budget!
Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.