How physicians are reducing expenses

Sixteen percent of physicians have deferred or refinanced loans to reduce their big expenses, according to Medscape's 2022 "Physician Wealth & Debt Report."

Medscape surveyed more than 13,000 physicians in more than 29 specialties about their compensation. 

Here's how surveyed physicians reduced their big expenses:

  • Deferred or refinanced loans: 16 percent
  • Moved to a different home: 6 percent
  • Changed to a different car: 5 percent
  • Moved my child(ren) to a different school: 2 percent
  • Other: 7 percent
  • I have not done anything major to reduce major expenses: 70 percent

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