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Financial Survey: Is your net worth keeping pace?
Thanks in large part to the recent housing boom, doctors' median net worth has grown over the past four years—from $700,000 in 2000 to $821,000 in 2004, according to Medical Economics' latest Financial Survey.
Not surprisingly, doctors, like many Americans, are feeling more chipper about their financial outlook than they did in 2000—the last time we took an in-depth looks at physicians' personal finances. That year the market was grim, and only 37 percent of survey respondents said their situation seemed to be improving. In this year's survey, 51 percent think things are looking up.
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