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How the 'K-shaped' economy is showing up at two big U.S. gyms (www.cnbc.com)

submitted 1 day ago* (last edited 1 day ago) by MicroWave@lemmy.world to c/economics@lemmy.world

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KEY POINTS

Life Time and Planet Fitness both reported strong growth, but their results highlighted a widening divide in consumer spending habits.

Life Time’s revenue jumped 12% as higher-income members paid higher dues and spent more on premium services like training, spa treatments and food.

Planet Fitness saw strong growth, but its weaker 2026 outlook raised concerns about slowing demand among lower- and middle-income members.

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[–] zeppo@lemmy.world 6 points 1 day ago (2 children)

I recently found out about Life Time. Yep, definitely for a very different income bracket than I am in… There’s a huge facility near me and I grew curious, and looked into it. $330 a month

[–] Onomatopoeia@lemmy.cafe 3 points 1 day ago

Wtf? That's insane

[–] DireTech@sh.itjust.works 1 points 1 day ago (1 children)

Yeesh that price has gone up. I remember thinking $80 was too much for it.

[–] zeppo@lemmy.world 1 points 20 hours ago

They have different types of gyms. Apparently the more standard ones are $99 now and the larger luxury ones are over $300. The one I checked out has a heated outdoor olympic size swimming pool year round (lovely waste of resources!)

[–] etherphon@piefed.world 1 points 1 day ago

OH I thought LIfe Time was some kind of mega church or something.