Debts and expenses for young physicians: 16 stats

Sixty-two percent of young physicians are paying a mortgage on a primary residence, according to Medscape's "Young Physician Compensation Report 2022."

Medscape surveyed 2,000 physicians under 40 from Oct. 5 to Jan. 19 on their salary, incentives and other measures. 

Here are the debts and expenses for young physicians:

  • Mortgage on primary residence: 62 percent
  • Your own college or medical school loan: 51 percent
  • Car loan: 37 percent
  • Childcare: 24 percent
  • Credit card debt: 19 percent
  • Your spouse/significant other's college, medical school or graduate school loans: 17 percent
  • Car lease: 16 percent
  • Medical expenses for yourself or loved one: 10 percent
  • Private school tuition for child: 10 percent
  • Mortgage on second home: 8 percent
  • Business loan: 2 percent
  • College tuition for child/children: 2 percent 
  • Graduate school tuition for child/children: 1 percent
  • Alimony: 1 percent
  • Other: 2 percent
  • None: 9 percent

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy.
 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars