Preet Banerjee's video: Is Peloton a pandemic fad Or a truly sustainable fitness platform Peloton

Data suggests that Peloton’s popularity is not just a pandemic fad: only 18% of Peloton buyers said the pandemic was the main reason for purchase and 50% said they decided to purchase a Peloton pre-COVID. Peloton might be bringing new people into mainstream fitness, as 19% of buyers were not spending any money on fitness and 17% did not have a gym membership or attend group fitness classes pre-COVID. People love their Pelotons: 83% report high satisfaction with their purchase and majority of purchasers note an increase in motivation, frequency, and intensity related to working out. Of the purchasers that had gym memberships prior to COVID, only 40% plan to rejoin their gym. But it is not all doom & gloom, as 58% of buyers who attended group fitness classes pre-COVID plan to return and 52% plan to spend on fitness on top of their ongoing Peloton expenses. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: http://www.youtube.com/user/preet182?sub_confirmation=1 MY BOOK TO LEARN ABOUT THE BASICS OF PERSONAL FINANCE: https://www.amazon.ca/gp/product/0143183516/ref=as_li_tf_tl?ie=UTF8&camp=15121&creative=330641&creativeASIN=0143183516&linkCode=as2&tag=whercom-20 FOLLOW ME ON TWITTER http://twitter.com/preetbanerjee WEBSITE: http://www.preetbanerjee.com