Athletes & Financial Struggles

Breaking the Bank: Why Do Many Athletes Face Financial Struggles?

When thinking about the lifestyle of professional athletes, extravagant spending, lavish homes and luxury cars usually come to mind. With lucrative multi-million-dollar contracts, the impression of infinite wealth can be created. However, this is only an illusion, since there are numerous examples of famous professional athletes who found themselves breaking the bank, due to financial struggles. So why do so many athletes face financial struggles?