The Start-Up That Wants You to Ditch Your Gym Membership
Do you wish you could just pay for the gym on the days you use it instead of investing in a year-long or month-long membership? POPiN is a startup that enables users to pay for the gym only when they use it.
Dalton Han is the Co-founder and CEO of POPiN. The platform launched this past summer and partners with local gyms to bring in more consumers. Han says 70% of their consumers are millennials. That population has bought into the sharing economy the most.
Han does not view Soul Cycle as a competitor, he views the company as a future potential partner. He is looking to expand the reach of POPiN and the opportunities it provides.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
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It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.