Where physicians took financial hits

Thirty-six percent of physicians experienced financial losses in bad investments or the stock market, according to Medscape’s “Physician Wealth & Debt Report 2023.”

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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 is where physicians saw financial losses:

In bad investments or the stock market: 36 percent 

Practice issues (such as business problems, reimbursement changes, change in practice setting): 11 percent 

In real estate: 4 percent 

Job loss (myself or significant other/partner): 4 percent 

In a divorce: 3 percent 

In legal fees or a lawsuit: 3 percent 

Other: 5 percent 

Have not experienced any significant financial losses in the past year: 48 percent

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