Talk to the average African American male teenager, and he’ll say he wants to grow up to be a rapper or professional athlete. Most of these youngsters dream of landing a big contract, moving out of the ‘hood and buying mama a house and Lexus.
However, recent figures might want to make them think twice. According to a Sports Illustrated article, 78 percent of NFL players file for bankruptcy two years after retirement. In addition, 60 percent of NBA players are broke after they finish playing.