The creator, a host for Oregon Public Broadcasting, ice skates while delivering a report on the high cost of becoming an Olympic figure skater. She introduces herself, reveals that it can cost up to $1 million, explains the 'pay your own way' system in the U.S., and concludes that economics, not just talent, determines success in the sport before providing a call-to-action to listen to the full podcast episode.
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Behind every Ilia Malinin or Alysa Liu, there is an army of elite figure skating coaches and choreographers who have been with them from the beginning. But how much money does it take to develop an American figure skating star?
Lillian Karabaic of Oregon Public Broadcasting helps us nail down a number on the latest episode of the Indicator from Planet Money.
Credit: @anomalily
Transcript
Hi. I'm Lillian Garibay. I'm a figure skater, but I'm not an Olympic figure skater. Still, I know it costs a lot of money to look this effortless. So for the latest episode of The Indicator, I talked to three Olympic figure skaters to figure out how much it worst to get tier, and we came up with a number. $1,000,000. And in The US, like other Olympic sports, figure skating is built on a pay your own way system. Families have to shell out for private coaching, ice time, choreography, and costumes, and that's way before these athletes are elite enough to attract sponsors. So who makes it up the ranks? Often, it's athletes whose family can afford to pay for costs or whose parents are former Olympians who can train them from day one. That means Olympic figure skating isn't just about talent, sacrifice, and hard work. It's also about economics. You can hear that story on the latest episode of the indicator from Planet Money. PS. Tonya Harding skated at this ice rink.