I do... I think there are lessons to be learns from others mistakes and the consequences they suffer.
Every child in America should be required to take a class on managing money, saving, compounding interest, living below your means, ect.
These guys DO go through a course from the NFL on managing money, etc. The NFL is actually pretty concerned about it, as it should be.
Based on the trajectory of public education, you wouldn’t like what was taught.
Agreed. Add to that how to balance a checkbook, make and keep a budget, etc.
Every child in America should be required to take a class on managing money, saving, compounding interest, living below your means, ect.”
IMO junior and senior high school students should all take a mandated course in financial life skills. Should include budgeting, balancing a check book, the cost of borrowing money, lease versus purchase, smart shopping techniques, self-employment, etc.
I didn't see how far back these stats went, but it mentioned 12 years from retirement. That means the latest players in the set retired in the early 2000s and would have started their careers in the early 90s. If the survey started 20 years before that, lets say, it would cover players who started playing in the 70s. That's not the big money era. The marquee players got paid well but many players worked in the off season back then and were not making fortunes. Many many of these guys took serious beatings on the field then took pain killers to cover it up. I'd bet he medical costs for these men 20-25 years later are substantial.