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Pro Athletes Go ‘Broke’ in New ESPN Documentary, by Bankruptcy Beat, WSJ

Stashed in: Wealth!, Personal Finance

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Where does it all go?

I know plenty of pro athletes who are not nor have gone broke.

That being said, what 22-year-old is financially savvy enough to plan to use and save money they will earn over the next five-ten years and save it for the rest of their lives?

I don't think the number of pro athletes who go broke would be any different than the number of enlisted men and women in the armed forces who go broke following big cash bonuses or cash buildups during deployment (tax-free + combat pay).

Wealth management is difficult even for people who have the time to dedicate to it.

I'm not quite sure if the percentages are any different for them.

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