5. The Financial Decline of Aaron Carter
Aaron In a 2016 interview with Us Weekly, former child star Aaron Carter, famous for the hit I’m All About You, disclosed his financial struggles, including a lack of savings. Appearing on Spike’s Life or Debt, Carter confessed to a financial advisor about his dire monetary situation.
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He explained that upon turning 18, he was overwhelmed by tax obligations, amounting to over $1 million according to Us Weekly. Carter also revealed that he filed for bankruptcy in 2015, yet found himself more than $100,000 in debt by the following year, highlighting a rapid descent into financial distress.