Golf Spending Trends and Participation Analysis

This report presents an analysis of golf spending trends and participation in the United States, based on Bank of America transaction data. It outlines a modest rebound in golf participation in 2025 after three years of decline, indicating that while fewer households are engaging in golf, those that do are spending more. The report details demographic shifts, noting an increase in participation among Gen Z, while younger Millennials show a decline in engagement. The report highlights regional variations in golf spending, particularly noting significant growth in the Western regions, attributed to factors such as domestic migration and the rise of 'stay-to-play' courses. Additionally, it discusses the impact of economic factors on discretionary spending in golf, particularly among younger generations facing financial pressures. The methodology section explains the data sources and limitations, ensuring a comprehensive understanding of the findings presented.