The findings are based on a survey completed by 17,903 practicing U.S. physicians across 29 specialites. Responses were collected between Oct. 6, 2020, and Feb. 11, 2021. Oncologists made up 3 percent of respondents.
Four more report findings:
1. Fifty-five percent of oncologists had a net worth between $1 million and $5 million in 2021, compared to 42 percent in 2020.
2. The percentage of oncologists with a net worth under $500,000 fell from 26 percent in 2020 to 16 percent this year. It’s the speciality with the lowest percentage of respondents reporting a net worth under a half million dollars.
3. Seventeen percent of oncologists are still paying off student loans, down from 25 percent who said the same last year.
4. Fifty-six percent of oncologists said they put the same amount or more into their 401(k) each month over the last year compared to prior years.
