Lio on Overdraft & Financial Struggles

by Sofia Alvarez

Lio Reveals Financial Struggles Despite Early Fame: “I’m Running Behind”

Despite achieving stardom at a young age, singer Lio is currently facing financial insecurity, relying on a permanent overdraft and unable to retire despite a decades-long career. The artist candidly discussed her past spending habits, complex relationships with money, and the challenges of maintaining wealth in a recent interview.

A Complicated Relationship with Wealth

Lio’s relationship with money began with a deliberate attempt to shield her from its influence. “My mother didn’t want me to own anything. For her, it was becoming a dirty bourgeois bitch,” she confided, revealing a childhood shaped by anxieties surrounding wealth and social class. This early influence seemingly contributed to a pattern of spending during her peak earning years. “When I had a lot of money, I spent it,” Lio admitted, acknowledging a period of financial privilege that has since passed.

The singer now finds herself in a markedly different position. While she currently maintains an upper middle class lifestyle, she is perpetually managing debt. “I’m 60 years old, I’m permanently authorized overdraft, because I institutionalized that when taxes were chasing me,” she explained, detailing a long-term reliance on credit to cover expenses. A recent revelation regarding the inadequacy of her pension further underscores her precarious financial situation, preventing her from stepping away from professional life.

Gender and Financial Power Dynamics

Lio’s experiences extend beyond personal financial management, touching on broader societal issues of gender and power. She described how her financial independence impacted her romantic relationships. “What I always noticed was that men, being very uncomfortable with the fact that they couldn’t dominate me financially, made me out to be their slut,” she stated, highlighting the challenges women face when achieving financial success. “I was Lio and I often made a lot more money than them. And we can’t forgive you for that. There are very few who get out of this dilemma.”

Finding Resonance in New Work

Amidst these challenges, Lio is continuing to create. She recently returned to a song written by Louane for her new album dedicated to her son Diego, finding a poignant connection to personal loss. “It resonates with the loss of my child,” she shared, suggesting that her artistic endeavors remain a source of emotional outlet and meaning.

Lio’s story serves as a stark reminder of the complexities of fame, fortune, and the enduring struggle for financial security, even for those who once stood at the pinnacle of success. “Financial security, I’m running behind,” she concluded, a sentiment that resonates with many navigating the uncertainties of modern life.

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