Why is Josie Canseco broke despite her father Jose Canseco's successful MLB career?

Recently, Josie Canseco, the 26-year-old model and daughter of former Oakland Athletics outfielder and designated hitter, Jose Canseco, said that her father blew their family money.

Because of that, she says she had to hustle hard from an early age to pay her bills.

"My ‘family money’ was blown by the time I was 6/7 w bankruptcy n I had to work my a** off to not only sustain my ‘family name’ but also pay my bills cause no one paid that s–t except me," mentioned Josie expressing her grivances.

Ms. Canseco also narrated the ordeal of being drowned in debt for years and earning only $100 per week during her struggling days in NYC. In light of her father Jose Canseco's stellar MLB career, why is Josie Canseco broke?

Apparently, in August 2012, Jose, who earned over $40 million during his long Major league career, filed for bankruptcy at the U.S. Bankruptcy Court in Las Vegas. He had obligations of approximately $1.7 million, including more than $500,000 owing to the Federal Revenue Agency, and assets of less than $21,000.

"Jose Canseco files for bankruptcy protection." - Matthew Liptak

Josie spilled the beans after her Instagram followers took a dig at her for being born with a silver spoon.

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Jose Canseco and Josie Canseco attended 2023 Cactus Jack Foundation HBCU Celebrity Softball Classic

Josie and Jose Canseco at Minute Maid Park in Houston, Texas. (Photo by Bob Levey/Getty Images)

On Feb. 16, the former MLB star Jose Canseco and Josie Canseco were spotted at the 2023 Cactus Jack Foundation HBCU Celebrity Softball Classic at Minute Maid Park in Houston, Texas.

Josie was spotted running the bases for Jose Canseco, who hit a home run, during the Celebrity Softball Classic. The crowd had fun watching the father-daughter duo in action on the mound.