Residency

Residents concerned about debt, retirement saving

Residency Program Insider, March 24, 2017

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Thirty-four percent of medical residents are concerned about paying off their medical school debt, according to a survey of more than 1,500 residents published by AMA Insurance. Half of the respondents reported having more than $200,000 in debt and only 27% used a professional financial advisor.

Residents also expressed concern with having enough money to retire. Sixty-two percent reported being behind financially for retirement, 34% were on track, and 4% were ahead. Nearly half of the residents had less than $25,000 in retirement savings.

Source: AMA Insurance

 



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