According to an article in this month’s Annals of Emergency Medicine, the median educational debt for surveyed emergency medicine residents was $212,000, a substantial amount that altered life and career priorities and caused significant stress.
Medical school is not only tough mentally and emotionally, but also it’s a huge financial burden. And the low salary that residents take home only compounds the issue because of the opportunity costs of not having invested starting at a young age.
Although sobering, it’s worth looking at the study and the conclusions drawn.