Here are the expenses and debts physicians reported paying down:
|
Expenses or debts |
Percentage of respondents |
|
Mortgage on primary residence |
61% |
|
Car loan payments |
33% |
|
Credit card debt |
25% |
|
Own college or medical school loans |
21% |
|
College tuition for child or children |
18% |
|
Medical expenses |
16% |
|
Mortgage on second home |
14% |
|
Car lease |
14% |
|
Private school tuition for child or children |
13% |
|
Childcare |
12% |
|
Spouse/significant other’s college, medical school or graduate school loans |
8% |
|
Business loan |
7% |
|
Graduate school tuition for child or children |
5% |
|
Alimony |
3% |
|
Other |
4% |
|
None |
14% |
Here are the areas where physicians experienced financial losses:
|
Financial loss |
Percentage of respondents |
|
Have not experienced any significant financial losses in the past year |
48% |
|
In bad investments or the stock market |
36% |
|
Practice issues |
11% |
|
In real estate |
4% |
|
Job loss |
4% |
|
In a divorce |
3% |
|
In legal fees or a lawsuit |
3% |
|
Other |
5% |
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