How US Olympic hopeful Monica Aksamit is funding her way to the Tokyo 2020 Games investinyou (In partnership with acorns.)
For many U.S. athletes, the coronavirus pandemic isn't the only factor that may keep them from getting to Tokyo for the Olympic Games in July.
As a result, many U.S. athletes are coming up with creative ways to meet their financial obligations. "Olympic sports are not generally looked at as professional sports ... and not everyone who is training full-time is an NFL-style earner," Williams tells CNBC. The amount of financial support athletes receive from the U.S. Olympic Committee varies by sport, but the total Aksamit says she receives from the USOC is $300 a month. In addition to the cost of food, many athletes must also foot the bill for things like training fees, gym memberships, equipment costs, coaching, transportation, competition travel, hotels, visas and registration fees.
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