Workouts and wealth seem to go together, according to a study by Spectrem Group.
The majority of investors with $5 million or more, not including their primary residence, say they exercise four to six days a week and 13 percent of that group say they work out seven days a week.
Only 24 percent of investors with less than $100,000 workout four to six days a week and only 7 percent exercise every day, says Spectrem Group, a consulting and market research firm specializing in affluent and retirement markets. The survey included 1,200 investors.
Men are most likely to exercise outdoors, while women opt for working out in the home. About one quarter of those surveyed utilize a gym. Wealthier investors are the most likely to use a gym and the least likely to exercise in the home, the survey says.
Walking is by far the most popular type of exercise, with 80 percent of respondents saying they enjoy it the most. Other popular forms of exercise are weight lifting and swimming for both men and women. Playing sports comes in third for men, and yoga is third for women.
The types of exercise used the least are karate (1 percent), Jazzercise (3 percent), and Pilates and Zumba (4 percent).
Staying healthy is the goal of half of the respondents, while 28 percent say they exercise to lose weight.
New Year’s resolutions for the investors centered on health and exercise issues above finances, volunteerism and changing personality traits. The top three New Year’s resolutions for investors are losing weight (46 percent), eating better (35 percent) and working out more (33 percent), according to the study.