Do you have that number? Do you have any numbers to back up your claims or are you just talking about what works for you?
Do you have that number? Do you have any numbers to back up your claims or are you just talking about what works for you?
This doesn't mean they are poor. As their income goes up, so does their spending.
Also according to google, "Approximately 60% to 80% of professional athletes face severe financial distress or go broke within a few years of retirement, particularly in the NFL and NBA. Data suggests 78% of NFL players experience financial hardship within two years of retirement, while about 60% of NBA players are broke within five years."
and:
"though often debated, statistic suggests that up to 70% of lottery winners go broke or face financial distress within three to five years, more conservative estimates indicate about one-third (roughly 33%) declare bankruptcy."
Personally, I think that high schools should have a required course in finance and accounting.