42% of docs said their families live below their means
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In last year's report, 24% of doctors said they were still paying off their own college or medical school loans. Many physicians benefited from the government's pause on payments by federal student loan borrowers, according to Stafford. But in the financial markets after that report,"there was no place to hide," Greenwald says."Both stocks and bonds did terribly. Even someone with a balanced portfolio got hit."
But if the gains in the S&P 500 seen during the first quarter of 2023 continue, they may eventually belie some of those predictions. Compared with last year's report, physicians less often said they maintained investments in tax-advantaged accounts like 401s and 403s at the same pace. And they slightly more frequently said they cut the amounts they saved in these accounts each month.
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