The Effect of Understanding Issues of Personal Finance on the Well-being of Physicians in Training

WMJ. 2018 Oct;117(4):164-166.

Abstract

Background: This study assessed trends in personal financial issues among physical medicine and rehabilitation resident physicians and their impact on resident well-being.

Methods: A 25-question cross-sectional survey was sent to 18 physical medicine and rehabilitation residents.

Results: A total of 17 residents completed the survey (94% response rate), with 82% (14 of 17) endorsing personal finances as a contributor to their personal health. Residents also endorsed minimal previous financial education and an interest in more formal education on related topics.

Discussion: This study revealed personal financial issues are a factor in resident well-being and garner high levels of interest. Despite this, residents have received little financial education. These results have motivated us to address this deficit in our education program.

MeSH terms

  • Adult
  • Cross-Sectional Studies
  • Female
  • Financial Management*
  • Humans
  • Internship and Residency*
  • Male
  • Physicians / economics*
  • Physicians / psychology*
  • Salaries and Fringe Benefits / statistics & numerical data
  • Surveys and Questionnaires
  • Wisconsin