Here is a breakdown of the debts and expenses for physicians just beginning practice, according to the Medscape Young Physicians Compensation Report 2016.
1. Mortgage on primary residence: 57 percent
2. Paying off your own college or medical school loans: 57 percent
3. Car loan payments: 43 percent
4. Paying off significant other's school loans: 25 percent
5. Car lease payments: 19 percent
6. Private school tuition for child/children: 13 percent
7. Mortgage on second home: 8 percent
8. College tuition for child/children: 4 percent
9. Graduate school tuition for child/children: 3 percent