According to Sports Illustrated, About 60% of Former NBA Players Go Broke within 5 Years of Retirement. Whereas 78% of Former NFL Players Reach Bankruptcy within 2 Years of Retirement.
Pro athletes are frequently chastised for earning far too much money. However, a surprising number are not at the top of their game regarding wealth management. But did you know more NFL players reach bankruptcy before NBA players? According to a Sports Illustrated article from 2009, 60% of former NBA players are bankrupt within five […]
