To be completely honest, I think people should go into skating with the expectation that they're going to lose money, so they'll have to make up the difference by getting a job, setting up a GoFundMe, or just having at least one parent who has a high paying job. Sponsorships are few, skating shows usually occur on the off-season, and even if you do win medals, the prize money isn't that much.
We once had a skater named Agnes Zawadzki, who imo would be considered a "mid tier" skater. Good jumper. She was in the running to go to the Olympics but didn't make it. Her mother went into bankruptcy from skating expenses. I always felt really bad for her, because it seemed like she had a desire or expectation to make figure skating financially viable, in addition to the usually Olympic dreams.
“I want to do well and make money to help out my family, but at times that makes this feel kind of like a job,” she said in her gentle voice.
“Sometimes I feel like I’m never doing enough because I want to pay my mother back so much,” she said. “I want to buy her nice things, I want to make things easier for her. I feel like I let my family down.”
Agnes will be 23 when the Winter Olympics roll around again. Facing another four years of saving and spending money, she said she’d take some time off to rethink her future in the sport. For now, she just wants to be left alone.
https://www.nytimes.com/2014/01/13/...gle-to-reach-olympics-is-the-familys-too.html