People view this as life changing wealth, but in
Posted on: June 22, 2018 at 08:25:02 CT
FIJItiger
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so many instances its temporary short term lifestyle change and nothing more. The key sentences from that article are:
"An estimated 60 percent of former NBA players are broke within five years of retirement, Sports Illustrated reported in 2009. That same report noted that 78 percent of NFL players are bankrupt or under financial stress by the time they have been retired for two years."
We tend to look at the specific examples and think 'man, what a moran'. But the reality is that its a huge %, much more the norm than the outlier.