Most physicians in the United States earn a high income, but the journey to sustainable wealth is not without its obstacles, especially with the weight of student loans. A recent survey by Medscape uncovered that 11% of doctors have a net worth exceeding $5 million. Furthermore, 28% disclosed having family wealth ranging from $2 million to $4.99 million, with an additional 21% falling in the $1 million to $1.99 million category. Interestingly, while approximately two-thirds of male physicians boast wealth surpassing $1 million, only around half of their female counterparts have achieved the same financial milestone.
Uncovering Wealth Disparities
This detailed analysis explores the financial landscape of physicians, highlighting the differences between male and female doctors in terms of wealth accumulation. For deeper insights, refer to the Medscape Physician Wealth & Debt Report 2024.