How To From Stoked to Broke: Why Are So Many Professional Athletes Going Bankrupt? Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Ross Crooks Published Feb 22, 2013 0 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. Save more, spend smarter, and make your money go further Sign up for Free 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 Sign up for Free Written by Ross Crooks More from Ross Crooks 2 responses to “From Stoked to Broke: Why Are So Many Professional Athletes Going Bankrupt?” […] 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 […] Reply […] 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NFL players are bankrupt or under financial stress within […] Reply Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email. Δ Browse Related Articles Trends Nowhere Near LeBron: Soccer’s Slim Salaries Trends Where Are All Those Canadian Dollars Going? Credit Score Chapter 07: How to Build Credit How To Infographic: The Best Ways to Spend Your Tax Refund Career How To Counter Offer Salary [With Email Templates] Financial Planning A Dude’s Guide to Not Going Broke during Wedding … Trends Do It For Me: Why Americans Hire Professionals to Get t… Personal Finance Survey: Millennials Experience Daily Financial Stress, … Relationships How to Create a Comprehensive Budget for Your Dream Wed… Retirement Chapter 09: Average 401(k) Balance By Age: Am I on Trac…
[…] 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 […] Reply
[…] 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