Australian cricket October 12, 2013

Langer on retired life

With Sachin Tendulkar hanging up his boots (to the dismay of billions of followers), Shirin Sadikot from catches up with Justin Langer, the former Australian opening batsman, to share his views on what retired life is like for a sportsperson used to being in the public eye, and what phases are involved when making the decision.

Initially finance is not an issue because when you retire after a long career, you've earned enough money. But eventually, the money too dries up. If you have a big house, you still need to run it and if you have a big car, you have to buy fuel. You have to send your children to school. I recently read that 78 per cent of the NFL players go bankrupt within five years of retirement. These are the people who earn insane amounts of money.