Money Smart Athlete Blog

June 2020 Editorial: Student Athletes and Financial Literacy Considerations

Jun 3, 2020 | Editorials

June 3, 2020

The future of young student-athletes, as exciting as it may seem, hides a lot of challenges.  The financial vulnerability of young people, especially athletes, is a real problem nowadays.  Financial failure is not usually caused by a sudden event but from a constant series of bad decisions and the consistent practice of bad financial habits.

Financial education plays a key role in the lives of everyone; it helps us understand the drivers of financial success which is quite important in designing our financial future and financially comfortable life.  We believe that financial education is the cornerstone of a successful career and life for athletes, especially young athletes, who have a whole life ahead of them during which they will be called to make a multitude of financial decisions.

This month we are addressing the financial literacy challenges that apply to young student-athletes, and offer guidance as to how to cope with them successfully.  The earlier student-athletes adopt good financial habits, the more control they will have over their financial lives, with better chances for having the life they aspire to have!

Athena P. Constantinou

E-mail: [email protected]