Just how much money do Americans spend on cycling? New study provides the answer

Nearly $100million dollars spent each year on bikes and riding

Yuzuru SUNADA

(Image credit: Yuzuru SUNADA)

If you thought you spent a lot of money on riding your bike, then you're far from alone according to a study released this week.

The Outdoor Industry Association (OIA) released its third Outdoor Recreation Economy Study this week and across the United States, cyclists are spending big money to ride their bikes; $100 billion according to the report from the Boulder, Colorado based organization.

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