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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In December 2011, a Gallup poll reported 52.5 percent of Americas considered themselves thriving while 43.7 percent reported struggling. At the same time, 32 percent of orthopedists in active practice reported having minimal or no savings for their age and stage in life, according to the Medscape Orthopedist Lifestyles Report 2012.
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