There is one area where borrowing continues to explode: student debt. Most notably, the total volume of outstanding student loans in the US has tripled over the past decade to a point where it has now outstripped that credit-card debt, and auto loans.
Pension money is not necessarily smart. Far from it. But the flows of money controlled by retirement funds are so huge that it behoves everyone else to take notice. And that implies that, for the foreseeable future, all investors should be paying attention to asset classes like real estate and infrastructure.
When it comes to retirement advice, most doctors behave like patients. They go to the experts (financial advisors), follow their advice (invest in mutual funds and the stock market), and then stew quietly when their retirement plans don’t grow as expected.
As healthcare reform unfolds, one of the biggest issues facing public health officials is patient access to medical care. While the looming shortage of primary care physicians gets the primary focus, access to hospitals is also an issue in some regions.
Greg Kelly, the son and grandson of medical doctors, writes on the financial knowledge he's gleaned from physicians in his personal life and from while he was the editor of Physician's Money Digest from 1994-2005.
Every individual needs regular physical health check ups. Likewise, physicians and medical practices need to consider financial health check ups. To accomplish the latter, the Financial Health Check Up column provides physicians with pertinent, useful news and information from both a personal and practice management perspective. You can contact Ed Rabinowitz with column ideas or information you'd like to share at