NBA

This Recent NBA Study Just Revealed Something Mindblowing

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In the world of sports, there have been many notable cases where players have become broke a few years after the end of their playing days. It’s a trend that has continued to affect athletes in all the major sports in the United States. A recent study conducted by Personal Capital, which is a financial advising and wealth firm, has revealed some startling news regarding the spending habits of current NBA players.

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Even with the numerous notable names in the NBA and NFL that have gone broke because of their spending habits, it’s still eyebrow raising to see that so many players are blowing money at an alarming rate. It’s the poor financial choices over time that lead to these players eventually losing it all once their playing days are done. It has too often been the case that they go bankrupt later in life because they were never taught the proper money management skills.

At the same time, there are several former players such as Shaquille O’Neal who have become larger financial successes off the court. Many of these professional athletes in the NBA and NFL don’t have a backup plan or another career choice set in place once their athletic careers are finished. This study should bring more much-needed attention this matter.

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