MIAMI ( TheStreet) -- Celebrities have more money than the average American, but there's no evidence that they spent or invested it more wisely during the recent economic downturn.The average nonceleb doesn't need much prompting to tell you how bad it's been in the past few years. Call last year a recovery period if you must, but Americans still saw personal bankruptcies rise 9% to more than 1.5 million and reach their highest point since bankruptcy law reform was introduced in 2005, according to the American Bankruptcy Institute and the National Bankruptcy Research Center.
10 Celebrities Who Lost Big Financially
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