Why NFL Players Are So Likely to Declare Bankruptcy—and Die Early

April 14, 2015 6:04 PM

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Why NFL Players Are So Likely to Declare Bankruptcy—and Die Early

According to a new study in the National Bureau of Economic Research (NBER), former NFL players go broke at an alarmingly high rate considering how much money they make as pro athletes.

The median NFL player is in the league for six years and during that time earns $3.2 million in 2000 dollars—more than a typical college graduate makes in a lifetime, noted this Quartz post. And yet, nearly 16% of the players included in the study—everyone drafted from 1996 to 2003—filed for bankrup...

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