Older physicians hit harder by pay cuts

Thirty six percent of physicians above the age of 46 experienced a pay cut in the last year, according to a recent Physicians Foundation survey

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The 2024 Survey of America’s Current and Future Physicians surveyed 1,723 physicians, residents and medical students between June 17 and July 16, 2024.

Here’s a breakdown of the percentage of physicians who received a pay cut in the last year by age and employment type: 

  • Less than 45-years-old: 18%
  • More than 46-years-old: 26%
  • Employed: 23%
  • Independent: 40%

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