Update on the Financial Wellbeing of Surgical Residents in New England

Document Type

Article

Publication Date

1-9-2023

Institution/Department

Surgery; Medical Education

Journal Title

Journal of the American College of Surgeons

Abstract

BACKGROUND: Poor personal financial health has been linked to key components of health including burnout, substance abuse, and worsening personal relationships. Understanding the state of resident financial health is key to improving their overall wellbeing. STUDY DESIGN: A secondary analysis of a survey of New England general surgery resident was performed to understand their financial wellbeing. Questions from the National Financial Capability Study were used to compare to an age- and regionally matched cohort. RESULTS: Overall, 44% (250/570) of surveyed residents responded. Residents more frequently reported spending less than their income each year compared to the control cohort (54% vs 34% , p$300,000 worth of student loans. CONCLUSIONS: Surgical residents have better financial wellbeing than an age- and regionally-matched cohort, but there is still a large proportion who suffer from financial difficulties.

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