Stock Market Winners & Losers: Stocks Wobble | Average $6k in Credit Card Debt | Gym Memberships

Stock Market Winners & Losers: Stocks Wobble as Markets Struggle to Recover | Average Consumer Carries $6k in Credit Card Debt | Problem: People are Actually Using Gym Memberships

Stocks fluctuated as investors anticipated key inflation data, including the July consumer price index report. The S&P 500 recently fell 8.5% from its peak, a typical pullback range. U.S. crude oil topped $77 due to increased military activity in the Middle East. Meanwhile, Elon Musk plans to interview Donald Trump on X, and Kamala Harris is reshaping the presidential race.

Americans owe a record $1.14 trillion on credit cards, with average balances up 4.8% to $6,329. Balances have increased 48% since 2021, with rising delinquency rates driven by high inflation and interest rates. Despite this, consumers continue spending on travel and entertainment.

In fitness, gyms profit from members not attending regularly, avoiding overcrowding. Planet Fitness averages 7,200 members per gym, but only 300 can be accommodated at once. While only 18% of members attend regularly, Gen Z is changing this by frequent attendance, inspired by fitness influencers. Gyms are adding group events and social spaces to adapt.
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