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.
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