Do Olympians Know How to Manage Their Gold? - Alpha Consumer (Usnews.com)
It turns out Olympians aren’t just fitter than the rest of us—they’re more financially savvy, too. That’s according to official Team USA sponsor TD Ameritrade, which surveyed 254 Olympic athletes. Most of them said that they thought their athletic training contributed to their financial discipline.
Their answers also gave clues as to how the London Olympians are likely to spend sponsorship money and other related windfalls that come out of the 2012 Games. If they won the lottery—an event similar to some of their sponsorship deals—just three percent of respondents said they would splurge. Instead, one in three said they would pay back loans and two in five said they would save or invest it. Almost two in ten said they would give it away to charity or to friends and family.
The Olympians surveyed already have strong saving habits: More than half said they save money on a consistent, monthly basis through automated deposits, and almost seven in ten said they are consciously saving for the future. Most said they are financially secure or stable, and don’t need to turn to credit cards to cover costs.