Lexington, Kentucky, USA – 08/15/2012
For the first time Tuesday, the word ‘life coach’ appeared in Merriam-Webster’s Collegiate Dictionary. In an economic age where more and more jobs are being cut, the coaching industry is growing. “The industry keeps growing because it’s meeting a societal need to make people more effective, satisfied and able to maximize their potential to help humanity flourish,” explains Dr. Damian Goldvarg, President-Elect of International Coach Federation’s (ICF) Board of Directors.
The first known usage of the word ‘life coach’ was in 1986 according to Merriam-Webster, but since then the professional coaching industry has exploded. The 2012 ICF Global Coaching Study revealed there are 47,500 professional coaches worldwide bringing in a total annual income of nearly $2 billion. The growth in the professional coaching industry is one indication that coaching is an effective solution to the common economic struggles plaguing many companies today.
More global ICF membership facts can be found on the ICF website.