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

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