FIN-FYFA - Financial Foundations for Young Female

The athletic career is defined as a period when an athlete is fully dedicated to reach and obtain their maximum performance. Sport Career duration among professional women athletes varies depending on many aspects including sport discipline and character of the sport (individual, team) However, generally tends to be shorter than in different professions. According to Eurostat, the average duration of working life for females in 2023 was 35 years. Meanwhile the situation of athletes is often following: “the age of beginning to practice the sport at around 10 years old, entering the elite level at 18 years old, and retirement at 30 years old” This setup doesn’t give too much stability, adding higher risk of injuries, risk for endocrinology health and pressure on mental health. High performing athletes may be vulnerable to anxiety and depression Even though in one study the vast majority of retired female soccer players reported at least good level of general health, most of them struggled with irregular menstruation during their sport career including nearly 40% having fewer or no menstruations at all. The financial situation of female athletes isn’t favourable either. “Despite the momentum in women’s sports, the economics are tough for most pro women athletes. Even in the most popular sports, individual athletes don’t consistently benefit.” One study interviewed 20 retired professional athletes (50% men and 50% female) about their financial situation during high peak performance and retirement. Many of them mentioned: financial reliance on parents and family (“Parental support was considered as the most significant funding source by most participants”) need for fundraising events. inconsistent support of sponsors that is published through this page expresses the views of the project beneficiaries only and it does not represent the views of the European Union or the European Commission. It shall not be deemed to constitute legal or official notice on behalf of the European Union or the European Commission. Neither the European Union nor the European Commission can be held responsible for this content nor the use thereof made by any third parties. Page 2 of 2