Your new pension plan.  Photographer: Brent Lewin/Bloomberg
Your new pension plan. Photographer: Brent Lewin/Bloomberg

Rory McIlroy is being hailed as golfing's heir to Tiger Woods, after winning the British Open over the weekend. Moreover, McIlroy's father made good on a bet he made a decade ago, winning 100,000 pounds ($170,000) after staking 200 pounds on his son winning the tournament within 10 years.

So the Trade of the Day is to get your kids out on the fairway and get yourself down to the bookmakers. As the chart below suggests, the cost of paying for a membership at a golf club has lagged behind inflation in the broader economy so far this decade.

To contact the author of this article: Mark Gilbert at magilbert@bloomberg.net.

To contact the editor responsible for this article: James Greiff at jgreiff@bloomberg.net.