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

The gig economy nature of acting also means that many actors do not receive benefits typically associated with salaried positions, such as health insurance, retirement plans, or paid leave. This lack of security means that actors must consider additional layers of financial planning and may have to purchase health insurance on their own, which can be prohibitively expensive. The absence of a safety net can create anxiety, and many actors find themselves struggling to make ends meet, particularly as they age.