10-31-2018, 01:51 PM
(10-31-2018, 11:50 AM)bengalguy71 Wrote: Don't forget to mention how 78% of them are bankrupt within 2 years of retirement!
https://en.wikipedia.org/wiki/Personal_finances_of_professional_American_athletes
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.
Veterans are over-represented among the bankruptcy population, with 14.7 percent of chapter 7 filers and 15.0 percent of chapter 13 filers being veterans, compared to just 10.3 percent of the national population.