Investigating Canadian Radiology Residents' Personal Financial Literacy: A Nation-Wide Assessment
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View abstract on PubMed
Summary
This summary is machine-generated.Canadian radiology residents report significant educational debt and express a strong desire for financial literacy training. Most residents scored 71% on a financial knowledge quiz, indicating a need for improved financial education during residency.
Area Of Science
- Medical Education
- Financial Wellness
- Resident Physician Training
Background
- Canadian resident physicians accrue substantial educational debt.
- This debt burden negatively affects resident wellness and future career decisions.
Purpose Of The Study
- To evaluate the financial literacy of Canadian radiology residents.
- To assess residents' current financial status and knowledge through a dedicated survey.
Main Methods
- An observational study utilizing a survey distributed via Google Forms to Canadian radiology residents.
- Descriptive analyses were performed on collected data, including associations between training level and financial knowledge scores.
Main Results
- 104 valid responses were received from 16 universities.
- A majority of residents (53%) reported debt exceeding $150,000.
- Residents averaged 71% on a financial knowledge quiz, with no significant association with training level (P = .71).
Conclusions
- Canadian radiology residents face a considerable debt load.
- There is a high demand (89%) for formal financial literacy curricula within residency programs.
- Residents prefer physician-led financial education programs.
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