"My heart goes out to them because they're in a place that's not good and there's a lot of people around them that don't care about them and want to capitalize on it," the 43-year-old actor told ABC News Now. "I feel bad for them."
Schroder, who rose to fame as a kid thanks to the 1979 movie The Champ and the popular '80s TV series Silver Spoons, added: "I just wish that some people would intervene on their behalf."
Schroder's comments come just days after another former child star, Mrs. Doubtfire's Mara Wilson, penned an essay for Cracked.com called "7 Reasons Child Stars Go Crazy (An Insider's Perspective)."
In it, Wilson discussed how life in the spotlight can provide all sorts of pitfalls for impressionable youngsters, especially when they're not guided by responsible and conscientious adults.