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To: poconopundit

https://en.wikipedia.org/wiki/Personal_finances_of_professional_American_athletes

Here is the top part...

The personal finances of professional American athletes is a subject of widespread discussion due to the often high salaries of such athletes and the high rates of personal bankruptcy and other financial distress.

According to a 2009 Sports Illustrated article, 78% of National Football League (NFL) players are either bankrupt or are under financial stress within two years of retirement and an estimated 60% of National Basketball Association players go bankrupt within five years after leaving their sport.[1] Originally the statement “60% of NBA players go bankrupt within five years after leaving their sport” was released by a representative of the NBA Players’ Association in 2008 [2][3] A Fortune magazine article states, however, that a working paper from the National Bureau of Economic Research found that the percentage of NFL players who go bankrupt after two years is a much smaller 1.9%, climbing to 15.7% after 12 years.[4]


59 posted on 09/23/2017 3:16:22 PM PDT by poinq
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To: poinq

Thanks for digging this data up. It’s interesting, but rather conflicting with the National Bureau of Economic Research.


66 posted on 09/23/2017 4:06:09 PM PDT by poconopundit (CNN is... Corruption News Neglected)
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