Personal Finance for the Radiology Resident: A Primer

Abstract

Financial security is important for the health and well-being of trainees. In fact, a study of radiology residents by McNeeley et al [1] found that higher self-assessments of financial strain were significantly associated with lower self-reported quality of life, depersonalization symptoms, and emotional exhaustion. Despite the proven importance of financial security on residents’ well-being, massive debt and poor financial practices have been shown to be pervasive across residencies [2-8]. In an unsettling survey of surgery residents, Teichman et al [4] found that up to 25% had less than $611 in their bank accounts.