Why Do So Many Actors Struggle Financially Despite Their Talent and Fame?

In addition to the irregular income flow, actors often face high living expenses that further complicate their financial situation. Many aspiring and established actors reside in expensive cities like Los Angeles or New York, where the cost of living is significantly high. Rent, utilities, and everyday expenses can quickly accumulate, leading to financial strain. Actors are frequently advised to maintain a certain lifestyle to network and be perceived as successful, which can encourage overspending and lead to debt when roles are scarce.