NEW YORK, NY – Even the almighty David Beckham isn’t immune to the economy!

The Beckhams live a charmed life that many envy. Victoria is a fashion icon and David is an international superstar. His modeling and soccer career have brought him millions and allowed him and his family live in utter luxury. They have more money than they know what to do with – or so we thought. Even the Beckhams are feeling the effects of the economy.

According to the Sun, Victoria called in a money expert to overhaul their finances because she feared the high-spending lifestyle was inappropriate at a time when ordinary people are tightening their belts. Apparently, she was pushed to pursue such a method after the family was warned that they were “pouring money down the drain.”

The family was informed that they were wasting hundreds of thousands a year on surplus staff at their homes in England, LA, Dubai and France. The family was employing about 50 – tasked with taking care of their luxurious properties. Much to their dismay, the Beckhams made the cost-cutting move of sacking 14 of their 50 employees.

“There has been a large downsize. David and Victoria are multi-millionaires but that doesn’t mean they to waste money – and they were hemorrhaging it,” a friend said.

What is this world coming to?! Where a man has to make cuts to his staff that watch over his lavish estates because of the economy. Pure madness!

The Beckhams are said to be worth around $200 million.

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