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by Jadrian

ESPN 30 for 30 looks at the prevalence of young athletes going broke because of their inability to manage a large increase in cash. The notion of consumption smoothing assumes that people are rational enough to save money when income is high for when income is low, but young athletes struggle to understand that their future isn't guaranteed. This isn't unique

Broke: Athletes Go Broke

Introduction to the ESPN 30 for 30 special: Broke

from 30 for 30: Broke (2012)
Creator: ESPN
Distributor: ESPN
Posted by Jadrian