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