48% of U.S. Physicians Report Lagging Behind in Financial Preparedness for the Future

Forty-eight percent of U.S. physicians consider themselves behind with regard to preparing for their and their families’ financial futures, according to the “2013 Report on U.S. Physicians’ Financial Preparedness,” released by AMA Insurance.

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Researchers surveyed 2,365 U.S. physicians for the report. The survey was conducted in December 2012.

Key findings of the report are:

•    Fifty-four percent of respondents thought that the time they spend on personal finances is inadequate.
•    Only 57 percent of the respondents have an updated will.
•    Sixty-nine percent of respondents reported that they do not have long-term care coverage in place for themselves.
•    Only 6 percent of respondents consider themselves ahead of schedule in retirement planning.
•    Nearly 50 percent of respondents of all ages are very concerned about having enough money to retire.

More Articles on Physician Surveys:

Survey: Less Than Half of Physicians Support Full EHR Access for Patients
10 Types of EHR Data Patients Should be Allowed to Update, According to Physicians
82% of Physicians Want Patients to Update Their Own EHRs, But Few Want Them to Have Full Access

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