Medscape "Net Worth" report 2016

[amLOLdipine]

http://www.blog.greatzs.com/2016/04/its-not-what-you-make-but-what-you-keep.html

Medscape's Net Worth 2016 report in general reveals good news for anesthesiologists. They already stated that anesthesiologists' salaries increased ever so slightly to $360,000 per year. Likewise, our net worth also gained. As compared to 2015, our average net worth went up from $2.68 million to $2.74 million. Granted that's a very small difference in this self reported survey but at least the numbers are heading in the right direction. In addition, almost all the different medical specialties reported an increase in their net worths so the anesthesiology numbers aren't an anomaly.

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[Psai]

This graph is unreadable

 

[Chloroform4Life]

This graph is unreadable

It says about 60% of anesthesiologists have a net worth over a million dollas.


My net worth is still in the negative.. .

 

[BLADEMDA]

It says about 60% of anesthesiologists have a net worth over a million dollas.


My net worth is still in the negative.. .

From Great Z blog:



The older one gets, the higher their net worth reaches. While 55% of physicians over 70 years of age reported net worth of over $2 million, only 9% of those 40-44 years old are that wealthy

Doctors in general are pretty frugal. Ten percent reported that they live within their means and have little debt. Another 60% said that they live well below their means and people would be surprised about how much money they have. Only 26% said they live beyond their means and have credit card balances. I don't think anybody in Los Angeles would be surprised by how much money doctors make as many here have no problems with conspicuous consumption.

A large physician survey conducted by a major investment firm found that although physicians save 19.9% annually on average (combination of employer and employee contributions), nearly half (48%) are saving at an average of only 9%.[

 

[BLADEMDA]

 

[BLADEMDA]

Given the risk-free rate is currently at around 2.5% +/- 0.5%, one needs a net worth of roughly $15,000,000 ($380,000 / 2.5%) to be able to generate $380,000 a year in top 1% income. $15 million can therefore be considered the upper band for the definition of rich in today’s environment using this methodology.

If we assume that earning $200,000 gross income per person is considered rich because it’s the ideal income for maximum happiness, then one needs a net worth of roughly $10,000,000 ($200,000 / 2.5%) to be in the top 1% of net worth. A $200,000 gross income is equivalent to a $380,000 income earner saving 48% of their gross income.

Finally, if we assume the $380,000 income earner only lives off 25% of their gross salary (75% savings rate), then we can assume the $95,000 a year spender requires $3,800,000 in net worth to feel rich.

- See more at: http://www.financialsamurai.com/top-one-percent-net-worth-amounts-by-age/#sthash.u142CDjM.dpuf