Celebs Feel Pinch of Recession

Jacko, LiLo among high-profilers with tight finances
By Evann Gastaldo,  Newser Staff
Posted Apr 9, 2009 9:15 AM CDT
Celebs Feel Pinch of Recession
Lindsay Lohan attends the Charlotte Ronson Fall 2009 fashion show at Bryant Park, Friday, Feb. 13, 2009 in New York.   (AP Photo/Evan Agostini)

We already know the recession has hit celebs like Michael Jackson, forced to auction off his belongings and stage 50 concerts in London to earn cash. But what other stars are feeling the pinch? ABC News reports on a few:

  • Nicolas Cage sold one—yes, just one—of his castles “due to the difficult economic situation,” he told a German mag.

  • Lindsay Lohan is relying on credit cards—not a huge surprise considering her latest film went straight to cable.
  • Jodie Sweetin said in court papers her “house is in foreclosure, our water has been shut off twice.” Full House residuals kept the former child star afloat.
  • Ruben Studdard owes nearly $200,000 in taxes, mostly from 2003, the year he won American Idol.
(More Michael Jackson stories.)

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