Many Parents Consider Debt For Kids’ Karting Career

Formula 1 is one of the most popular sports in the world. It gained even more notoriety after Netflix released “Drive to Survive,” a series that gives viewers a behind-the-scenes look at the racing world. The first step for most Formula 1 (F1) race car drivers is go karting.

Every parent of a young kart racer wants to give their kid the best chance to be the next Lewis Hamilton or Danica Patrick. However, the cost to enter and thrive in this world is strenuous for some parents at best and unsustainable at worst.

With this high entry barrier, some parents are not even able to consider karting for their children.

ESPN reports that their audience for F1 race coverage has doubled to around 1.5 million views per race. And according to Nielsen, global viewership is set to top 1 billion this year thanks to the docuseries.

All the Kids Are Doing It These Day

F1FAll is an official provider of F1 news and resources. They surveyed 1200 parents of children who participate in motorsports. 58% of parents believe that the high cost of karting severely stretches their finances.

It's a Stretch

58% of parents, however, said that if it came down to it, they would consider going into debt if their child seemed serious about a motorsports career. The average parent said they would take on around $35,185 of debt to allow their child to continue racing.

Parent of the Year

Injury statistics on karting show that almost half of the people who sustain injuries are under 24 years of age.

Valid Concern

Karting is considered to be the most affordable stepping stone to motorsports. However, it is also known to be a sport for the elite and a playground for the rich.

A Sport for the Elite

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