The report surveyed 10,011 physicians across more than 29 specialties about their income, net worth, and more from Oct. 7 to Jan. 17.
Here are the expenses or debts that physicians are paying down:
Note: Respondents could choose multiple answers.
Mortgage on primary residence: 61 percent
Car loan payment: 33 percent
Credit card debt: 25 percent
Your own college or medical school loans: 21 percent
College tuition for child(ren) : 18 percent
Medical expenses for yourself or loved one: 16 percent
Mortgage on second home: 14 percent
Car lease: 14 percent
Private school tuition for child(ren): 13 percent
Childcare: 12 percent
Your spouse/significant other’s college, medical school or graduate school loans: 8 percent
Business loan: 7 percent
Graduate school tuition for child(ren): 5
Alimony: 3 percent
Other: 4 percent
None: 14 percent
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
