According to John Egan (Personal Finance Writer, creditcards.com/credit-card news) “Americans spend over $100B on sports. (If $100B was the purchasing power [GDP] of a nation it would easily be in the top 38% on the globe’s GDP). Bob Cook (Forbes magazine) reports that over 20% of American families spend at least $1000 per mo on their kid’s sports equipment whether it’s for golf, gymnastics or whatever. WOW!
On 10/19/2017 Mike will contribute to Murray Feldman’s report (WWJ/CBS radio, 950AM at 3:20 & 6:20pm) regarding the above info.