They say that 70-80% of NFL and NBA pros go broke after a few years after retirement. And they make millions on top of millions...damn son.
Is this true?
Is this true?
I believe the stat is like 60% for NBA players and 75% for NFL players.
A lot of it has to do with many of these players earning high wages for only 3-4 years in their 20s and not understanding that they have to live a lifetime on it. It’s no excuse but it’s one of the big reasons.
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https://www.cnbc.com/2018/05/14/money-lessons-learned-from-pro-athletes-financial-fouls.html
78% and 60% for NFL and NBA respectively
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