Breakdown of young physician debt & expenses: 9 key statistics

Here is a breakdown of the debts and expenses for physicians just beginning practice, according to the Medscape Young Physicians Compensation Report 2016.

1. Mortgage on primary residence: 57 percent
2. Paying off your own college or medical school loans: 57 percent
3. Car loan payments: 43 percent
4. Paying off significant other's school loans: 25 percent
5. Car lease payments: 19 percent
6. Private school tuition for child/children: 13 percent
7. Mortgage on second home: 8 percent
8. College tuition for child/children: 4 percent
9. Graduate school tuition for child/children: 3 percent

More articles on healthcare:
5 things to know on CMS emergency preparedness final rule for ASCs
The changing nature of physician ownership—5 things to know
Molina Healthcare is the ACA's latest success story: 6 things to know

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers