I'm Struggling to Live on $160,000 a Year
By Carol Burns,2014-11-05 09:46
That's because in many ways, doctors are not your typical high-earners. On average, a newly minted physician in the United States graduates with $155,000 in medical school debt, according to the American Medical Association. Many doctors trade more than twice that amount for a diploma. Add to that staggering figure a mortgage or rent, property taxes, insurance, utilities, and perhaps car payments and the cost of raising kids and that 6-figure income evaporates pretty quickly.