5 Things to Know About Physicians' Financial Concerns

Just 51 percent of physicians older than 60 had student loan debt after medical school, but 73 percent of physicians younger than 40 carry debt, according to the "2014 Work/Life Profiles of Today's U.S. Physicians" report by AMA Insurance.

Here are four more things to know about physicians' financial concerns.

1.    Eighty-three percent of physicians younger than 40 are still paying off their loans, and 25 percent of physicians ages 40 to 59 are also still paying off student loans.

2.    Across all ages, physicians pointed to "will retirement money last" as the most concerning financial planning and preparedness issue.

3.    On average, only 6 percent of the nation's physicians consider themselves ahead of schedule when it comes to retirement savings.

4.    When asked what they would do differently in terms of personal planning in hindsight, the majority of physicians would have spent more time learning about financial planning.

More Articles on Physicians:
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AMA: Physicians Generate $1.6T in Economic Activity

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