How Do The Rich and Famous End Up Broke?

It’s a familiar story: professional athletes, superstar entertainers and other famous celebrities losing their homes, filing for bankruptcy, delinquent with their child support payments, in trouble with the IRSβ€”just plain going broke, despite having earned millions of dollars during their careers. Meanwhile, weβ€”including evening news anchors, social media instigators, late night talk show hosts, and…

It’s a familiar story: professional athletes, superstar entertainers and other famous celebrities losing their homes, filing for bankruptcy, delinquent with their child support payments, in trouble with the IRSβ€”just plain going broke, despite having earned millions of dollars during their careers. Meanwhile, weβ€”including evening news anchors, social media instigators, late night talk show hosts, and average, everyday Americansβ€”roll our eyes, shake our heads, and with more than a hint of judgement, if not outright ridicule, ask: How does this happen?

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