23 statistics on physician debt

Medscape's "Physician Wealth and Debt Report 2019" offers insights into the current state of physician finances.

Medscape analyzed responses from 19,328 physicians in more than 29 specialties to determine their insights.

What's losing physicians money?

  • Bad investments on the stock market: 17 percent
  • Practice issues: 10 percent
  • Real estate losses: 5 percent
  • Job loss: 4 percent
  • Legal fees: 4 percent
  • Divorce fees: 3 percent

Bad investments physicians made:

  • A stock or company that turned out badly: 30 percent
  • Something else that did not work out: 19 percent
  • A bad real estate investment: 14 percent

What expenses are physicians paying off?

  • Mortgage: 65 percent
  • Car loans: 38 percent
  • College or medical school: 26 percent
  • Credit card debt: 26 percent
  • College tuition for child: 21 percent
  • Car lease: 19 percent
  • Medical expenses: 16 percent
  • Childcare: 15 percent
  • Mortgage on second home: 15 percent
  • Private school for child: 15 percent
  • Significant other's school loan: 11 percent
  • Business loan: 9 percent
  • Graduate school for child: 7 percent
  • Alimony: 3 percent

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