Of all physicians, 39 percent reported having little or no savings for their stage in life, which could foreshadow a more difficult economic climate for younger physicians. For the orthopedic surgeons who were semi-retired 87 percent believe they have adequate or more than adequate savings. Ninety-six percent of retired orthopedic surgeons believe their financial situation to be at least adequate.
Here are 11 statistics on orthopedic surgeon financial savings based on practice situation:
Actively practicing
• Nearly 20 percent of orthopedic surgeons actively practice gauged their personal savings as more than adequate
• Close to 50 percent reported adequate savings
• Between 20 and 30 percent reported minimal savings
• Less than 10 percent reported no savings
Semi-retired
• Around 30 percent reported more than adequate savings
• Close to 55 percent reported adequate savings
• About 10 percent reported minimal savings
• Around 5 percent reported no savings
Retired
• 40 percent reported more than adequate savings
• Close to 55 percent reported adequate savings
• Around 5 percent reported minimal savings
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