Tag: Athletes

  • Why NBA Athletes Go Broke – New Trader U

    Why NBA Athletes Go Broke – New Trader U

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    A Sports Illustrated article reports that 60% of NBA players face serious financial hardships after retirement. So why do so many athletes wind up bankrupt?[1] Statistics show that about 60-65% of NBA players go broke within the first five years of retirement. An average NBA player earned approximately $8 million for the 2021-2022 season. Given that…