how many nfl players are broke

I’m sure you’ve seen the headlines – ‘How Many NFL Players End Up Broke After Their Playing Career?’ – it’s a sad reality that far too often goes unspoken. A quick glance through some of the statistics and cheap jerseys research shows that the NFL is littered with financial disasters, and the cracks just keep getting wider.

But why? I mean – the average NFL player’s salary is in the millions of dollars! Surely if you bring in that kind of money, you’d be almost guaranteed to stay financially stable after you retire?

I’ve heard so many people talk about the ‘dreaded NFL curse of bankruptcy.’ It turns out the numbers paint an even darker picture; A 2009 Sports Illustrated report claims that almost 80% of NFL players suffer financial instability within retirement. That’s four out of five players who end up broke.

I cannot fathom how on earth so many players can end up broke. I mean – when you get paid those kinds of salaries, cheap nfl jerseys it should be relatively easy to make sure you don’t lose it all after retirement. The main reason it happens is because so many NFL players, especially the high profile ones, have a hard time saying no to lavish lifestyles.

More often than not, NFL players seem to be the biggest victims of bad spending habits; investing in doomed business ventures, throwing money away on cars, clothes and jewelry, all the ‘shiny’ things that come with a life of celebrity. That kind of overspending usually continues until the player is out of money, wholesale jerseys and cheap nfl jerseys from china debt can pile up quickly.

And that’s not all; A lot of NFL stars who thought they’d have long, lucrative careers, end up retiring far earlier than expected due to intense physical demands. That’s a major cheap jerseys blow for cheap jerseys them personally and financially. It’s not that the NFL doesn’t help its players, cheap jerseys but still, all their time off the field and away from the money doesn’t do their wallets any favors.

It’s not all gloomy though; plenty of NFL players go on to enjoy financially secure lives after their careers, so it’s not a given that everyone will fall through the cracks. A lot of it comes down to frame of mind and cheap jerseys being smart with your money. To that end, the NFL has launched their NFL Financial Boot Camp which covers a wide range of money-related topics designed to help players after retirement.

It’s an undeniable fact that NFL players have limited lifespan when it comes to playing, and cheap jerseys that often means that they have to start planning their lives after football earlier than most people. A lot of them do a great job of making sure they maintain financial stability once their playing days are over, cheap jerseys from china but it’s a shame that so many slip into a financial black hole after retirement.

Having said all this, it’s never too late to start planning. If you know an NFL player, introduce him to the world of budgeting and cheap nfl jerseys financial security. Investing in vital insurance policies like disability and life insurance, not relying on one source of income, and understanding the power of compound interest are all great tips that could help a lot of NFL players out there. Be sure to remind them that while football may come to an end, cheap nfl jerseys their lives don’t have to.