June 24, 2014

Aaron CarterAaron Carter, the teen sensation who won the hearts of many women back in his pop sensation days to the established solo artist, has officially released the life album of debt.

Carter owes an astounding $2 million and most of it stems from back when he was a child star. The Internal Revenue Service has exposed his largest summation of debt, a jaw dropping $1.3 million from when he was 16 years old.

In a statement from his publicist, Steve Honig, “The bulk of his debt is from over 10 years ago when he was a minor and not in control of his finances.” Honig also explained how this was a common theme with many stars whose public enterprise started in their younger years.

Inside his petition, it was displayed that he had a total of $60 cash, $917 in checking, and $5 in bank savings. His life fortune at the moment equated to an eye- popping $8,200.

In his current setup, Carter is actively working to pay his debts, primarily through live performances across the U.S. The caveat to this schematic, however, is he makes an average $2,000 a month and does not receive extra income when the tour ends.

His publicist continues to ensure people that Carter “has really gotten his act together and is doing really well.”