Quote of the Day, August 7, 2012
The United States sent 529 athletes to compete in 25 sports. The gaping income inequality seen in the wider society is stark even amongst this group carrying the nation’s pride in London.
According to CNN’s Money, “only 50% of American track and field athletes who are ranked in the top ten … earn more than $15,000 a year in income from the sport.” Many struggle to pay their bills.
Jack Wickens, a U.S. Track and Field official echoes the point. “There is an in incredibly steep drop in earning power from the elite of the elite to individuals who are just slightly lower ranked.”
– an excerpt from Color Line’s article on the large inequality that exists even among America’s Olympians.