According to Trade Only Today, surveys found that the Fourth of July weekend is the biggest boating weekend of the summer, seeing as about 50 percent of all boats take to the water around Independence Day. If you’ll be houseboating over the holiday, of course, you could probably tell as much at a glance while you’re out on the water yourself. This high amount of boaters is a nice parallel to recent economic data that seems to show promise for future boat sales as well. With the S&P 500 up over 12% since the 2016 election day and unemployment reaching a 16-year low, it’s pretty likely that boaters-to-be are feeling happier about their 401(k) savings and overall net worth.
After all, as National Marine Manufacturers Association president Thom Dammrich put it when addressing groups throughout the industry, “All this economic news is a green light for good times in recreational boating.”
You can read Trade Only Today’s full article here. Happy Fourth!