When Americans began emerging from their homes after the first wave of Covid in spring 2020, many apparently headed straight to their local boat dealers.
Spending on pleasure boats shot up to 20% above the pre-pandemic pace in May 2020 trib.al/xHmYB8x
At a time when crowded indoor spaces can pose deadly risks, small boats are great places to be.
The remote-work arrangements also made it easier for affluent white-collar workers to locate themselves within convenient distance of a body of water trib.al/RiRZvDB
With so many other things that have boomed during the pandemic, one does have to wonder how long this elevated demand for boats will last.
Here’s spending on pleasure boats going back to 1959, adjusted for inflation: trib.al/RiRZvDB
It’s clear that while 2020’s 318,550-powerboat total was the best in years, and 2021 looks even better, sales were much higher in past decades.
This chart is cobbled together from a couple of different data series from the @therealnmma: trib.al/RiRZvDB
Powerboat ownership is down and boating seems to play a reduced role in American life compared with past eras.
The decline can perhaps be attributed to larger trends, such as the population shift toward large metropolitan areas and the West trib.al/RiRZvDB
80% of the boats Brunswick, the leading player in the U.S. recreational boating business, sells cost $50,000 or less.
61% of boat owners have household incomes of $100,000 or less trib.al/RiRZvDB
At Freedom Boat Club, women now account for 35% of the 67,000 members who pay to use boats without the hassle of storing and maintaining them.
That number is much higher than the female share of boat owners trib.al/RiRZvDB
Executives at a boat company being optimistic about boats is not exactly news, of course.
Investors seem pretty optimistic too, though trib.al/RiRZvDB
Here’s consumer spending on boats alongside three other leisure-spending categories that have had great runs lately:
The urge to get out of the house during the pandemic boosted spending on boats.
Will the nudge from Covid-19 bring on a permanent shift in behavior? Some, probably. We’ll just have to see if this includes lots more of us making waves trib.al/RiRZvDB
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Never ones to miss a chance to cry “hardship,” upper-middle-class, well-educated young Americans are getting in on the Chinese “lie flat” social protest movement, claiming they, too, are burned out and quitting their jobs to do nothing trib.al/e5rjiys
It started among Chinese factory workers burned out from grueling 12-hour, six-day work weeks, and the unrelenting pressure to climb the economic ladder.
So some Chinese millennials formed a movement to opt out of work and the pressures of society trib.al/e5rjiys
What this trend will mean for China is unclear, but Americans who choose to lay down in lieu of work may end up worse off than they think trib.al/e5rjiys
On Labor Day, 7.5 million Americans lost their federal unemployment benefits, and another 3 million unemployed lost the $300 bonus that had been in place since March.
That’s a lot of people with no immediate way to support themselves and their families trib.al/pK04k9j
What would Franklin Roosevelt — who put America to work during the Great Depression — make of the way Washington has responded to this economic crisis? twitter.com/i/broadcasts/1…
The New Deal’s attack on the Great Depression had four main components:
💵Temporary direct relief for the impoverished
🔐A stronger social safety net
🇺🇸An expanded regulatory state
💼Jobs for the legions of unemployed trib.al/pK04k9j
18-year-old Emma Raducanu is taking the tennis world by storm.
Her victory in the U.S. Open turned her into one of those athletes who you can’t help but watch and want to know more, or even pick up a racquet trib.al/VKDcbjm
How big is this win? @ThereseRaphael1 asked Michel Masquelier, former chairman of IMG Media.
“It’s as good as it gets,” he says. “Tennis is an individual sport, so any individual who shines on that stage is instantly recognizable” trib.al/VKDcbjm
Alongside her championship title, Raducanu has other force multipliers for propelling celebrity and commercial success. There’s her international reputation:
🇨🇳Chinese mother
🇷🇴Romanian father
🇬🇧Raised in Britain
🇺🇸Shot to fame in the U.S. trib.al/VKDcbjm
Early in 2020, the world urgently needed to raise its sense of alarm around Covid-19.
But for the vaccinated parts of the planet, Covid is no longer a horseman of the apocalypse. Instead, it is gradually becoming “just a virus” trib.al/QvxD2SE
In Singapore, where 81% are fully immunized, the Ministry of Health has started prioritizing data on hospitalizations rather than infections.
Israel is riding out a surge in new Covid cases without returning to lockdowns for the vaccinated trib.al/jAnL73X
The calls from some quarters to stop publishing daily Covid case totals may be premature for a disease that’s still killing thousands of people a day trib.al/jAnL73X
When we talk about workers going back to their offices, the goal for most is to return to the normal routines of life.
🍼 But for parents who had their first child during the past 18 months, the return is uncharted territory trib.al/a3jKClJ
New parents are figuring out for the first time how to manage:
🚍 Commuting
⏰ Long hours away from home
🍼 Parenting small children
All their experience thus far has been in a work-from-home pandemic world trib.al/Rnd0dVG
Data serves mostly to confirm that American work culture isn't particularly family-friendly, generally leaving mothers as the caretakers-of-last-resort in times of need trib.al/Rnd0dVG