From Stoked to Broke: Why Are So Many Professional Athletes Going Bankrupt?

Written by Ross Crooks
Published Feb 22, 2013
0 min read
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The average professional athlete in the United States makes more money in one season than the average American does in a lifetime.

Despite this, the pros are going bankrupt at an alarming rate.

The following infographic explores the reasons why so many of our sports stars are going from stoked to broke.

Click on “Launch Infographic” for an expanded view.

Save more, spend smarter, and make your money go further

Keeping Up With The Joneses Will Lead To The Poor House- Love To Frugal says:

August 20, 2018 at 12:48 pm

[…] can fall into this trap if they’re not careful. A recent article from Mint.com states that 60% of NBA players and 78% of NFL players file for bankruptcy within 5 […]

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Athletes Gone Broke: Mo’ Money, Mo’ Problems! – Updated | Black Men In America.com says:

October 10, 2018 at 9:46 am

[…] athletes are at particularly high risk of doing this. In fact, MLB players file bankruptcy four times more often than the national average. According to Sports Illustrated, 78% of NFL players are bankrupt or under financial stress within […]

Reply