Originally Posted by Binky
It seems to me that a physician alone would be making enough to cover the lions share of their expenses. If their combined incomes are $250,000 then it looks as tho' that college professor is making nearly as much as his doctor wife. I wouldn't think college students would spend eight to 10 years in college to be a doctor if they were only going to receive $125, 000 - $150,000 per yr before taxes. But then, I could be wrong.
Somehow, tho', with the economy the way it is, and people out of work and scrimping more than they ever thought they could, I seriously doubt that there are many who are sympathic to his plight.....
No, you are correct. I have several friends who were general and family practicioners for 20-25 years, and closed their offices because overhead expenses were so high that they couldn't earn enough income to support their families. It's not just one or two that I'm talking about, but in the range of 10 who are personal friends and acquaintances.
And on the lack of sympathy, you are right, but my perspective is that I don't envy people who have money, and it's none of my business how much or how little they make, regardless of the economy. They have worked hard to get where they are, and if I desired the money, I could do the same. The disparities in the income range in this country are not for lack of opportunities, but due to lack of initiative
to take advantage of those opportunities.
I knew thirty-five years ago, when I first started entering the job market that job security and a liveable salary were my top priorities, so I looked at where all the job openings were, and I watched the news to see who was unhappy with their jobs/ who was striking, etc. I purposely went into a field with a high attrition rate and consistent demand, regardless of the nature of the work. I will never be wealthy, and it's okay with me, because I will never not be able to find a job, and will be able to feed myself and pay my bills, and still have a few of the things that are important to me (supporting my hobbies.