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7 child stars who have opened up about having financial troubles
7 child stars who have opened up about having financial troubles
Talia LakritzJun 18, 2022, 02:11 IST
Britney Spears.Chris Pizzello/AP Images
Christy Carlson Romano said she "made and lost millions of dollars" as a child actor.
Macaulay Culkin and Jena Malone emancipated themselves from their parents to control their own funds.
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In a video for her YouTube channel, Christy Carlson Romano said she "made and lost millions of dollars" because, as a child actor, "you aren't told that the work is going to slow down."
In 2016, former teen heartthrob Aaron Carter shared that he had filed for bankruptcy with over $100,000 in debt.
Aaron Carter.Alana Yzola/INSIDER
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Former "Full House" star Jodie Sweetin told Complex in 2016 that she used to spend $10,000 at a time on drugs with residual checks.
Jodie Sweetin.Matt Winkelmeyer/Getty Images
"Home Alone" star Macaulay Culkin removed his parents' access to his trust fund when he was 15 years old.
Culkin made headlines when he was a teenager after he legally removed his parents' access to his trust fund and hired an executor to guard his finances.
"It's always misconstrued, that I 'emancipated' myself from my parents," Culkin said in a 2020 Esquire interview. "I legally took my parents' names off of my trust fund and found an executor, someone who would look over my finances, just in case anyone wanted to stick their ... pinkie in the pie. But the next thing you know, the story was that I divorced my parents. I just thought I was doing it cleanly — taking my father's name off, taking my mom's name off, so my opinion is unbiased. And when I did that, the whole thing kinda ended a lot faster."
Culkin also said that while he had "played with fire" when it came to substances, he had never been to rehab or needed "outside help."
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E! News reported in 2012 that Lohan owed the IRS over $93,000 in unpaid federal taxes.
Lindsay Lohan.KGC-03/STAR MAX/IPx
Jena Malone emancipated herself from her mother at age 15, alleging that her mother "squandered" hundreds of thousands of dollars from her earnings.
Jena Malone.Kevin Winter/Getty Images
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Britney Spears was placed in a conservatorship that restricted her access to her finances after a public mental breakdown in 2007.