It's no secret that some professional athletes choose to live extravagant lifestyles, featuring fancy mansions, luxurious cars and more.
After all, when you're pulling in seven or eight figures per year, you can afford to live better than the average fan—as long as you are managing your money correctly, that is. Thanks to a recent study, we get a look at just how much money one league's athletes spend regularly.
According to Kathleen Pender of the San Francisco Chronicle, wealth management company Personal Capital has compiled data on how much the average NBA player spends per month. Per Pender, "more than 50" players used the financial management tool, with the subjects ranging from rookies to veterans.
The findings? A typical NBA player spends about $42,500 per month (or $510,000 a year).
$42,500.
Now, there are a variety of things an athlete can drop a wad of cash on: food, entertainment, cars, housing, charities, personal reasons, etc. When you see a grand total of nearly $50,000 a month, you might be curious as to what the money is spent on. Fortunately, the data (via the San Francisco Chronicle) ...
Read Full Article at Bleacher Report - NBA
Article written by Kyle Newport
Study Finds the Typical NBA Player Spends $42,500 per Month
June 8th, 2016 by Kyle Newport Leave a reply »
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