Move over happy hour — Gen Z is heading to the gym instead.
Americans made a record nearly seven billion trips to gyms, studios and health clubs in 2025, according to a recent Forbes article. That’s the highest figure ever recorded, officially beating the pre-pandemic peak.
And people aren’t just signing up and forgetting about it. According to the Health and Fitness Association, the U.S. now has 81 million gym members, up 5.2% from a year ago, and the share of members who never use their membership has dropped to a record low of 4.6%.
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Americans are paying for the gym and actually showing up, and the biggest reason may have less to do with six-packs and more to do with socializing.
Could the benchpress be the new barstool?
Adults aged 18 to 24 now have the highest gym membership rate in the country at 35.5%, according to HFA. Meanwhile, fitness app Strava says new clubs on its platform exploded to one million in 2025, with running clubs growing 3.5 times and hiking clubs growing 5.8 times year over year.
Here’s a whopping statistic: 64% of Gen Z respondents said they’d rather spend money on fitness gear than on a date.
It’s a shift in how young people are spending their time and money, and according to a recent article in The Wall Street Journal, many people in the younger generation are choosing health and fitness over socializing with alcohol.
Researchers have a name for what’s happening. Sociologist Ray Oldenburg called places outside home and work where people build community “third places.” For decades, that meant coffee shops, churches, pubs and neighborhood hangouts.
Nowadays, it seems that the most popular third place is increasingly becoming the gym.
With loneliness among young adults remaining stubbornly high, the weight room, spin class and Saturday morning run club are becoming places to meet friends, find dates and feel connected — all while getting a workout in.
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Wall Street missed the memo
While gym attendance is hitting record highs, venture capital has largely backed away from the fitness industry.
Global funding for fitness and wellness startups fell to just over $5 billion in 2025, according to Crunchbase data cited by Forbes.
But investors didn’t stop spending on fitness. They just spent it somewhere else.
Companies that measure health have been showered with cash. ŌURA raised funding at an $11 billion valuation, WHOOP secured a major funding round valuing it above $10 billion, and Strava reached a reported valuation of about $2.2 billion.
So while some investments have been flooding into fitness, much of it is focused on the tech aspect rather than treadmills and locker rooms.
Meanwhile, the physical gym business keeps humming along. Operators are benefiting from stronger attendance, longer membership retention and consumers who increasingly see fitness as a lifestyle expense rather than a luxury splurge.
The tech that tracks your workout is attracting billions, while the places where millions of Americans actually gather are booming largely outside the venture-capital spotlight.
The good news for consumers looking to work up a sweat and socialize is that the gym as a community hub is winning.
That means wellness spending is becoming as much about connection as it is about calories burned. And for investors? The next big fitness opportunity may not be another wearable, but it may be the actual businesses that help real-world fitness communities thrive.
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Freelance writer with an economic development and consulting background.
