Financial Literacy and Wellbeing among Medical Students, Residents, and Attending Physicians in Lebanon: Results from A Nationwide Multi-Centered Survey - presented by Dr Mohammadali Jardaly

Financial Literacy and Wellbeing among Medical Students, Residents, and Attending Physicians in Lebanon: Results from A Nationwide Multi-Centered Survey

Dr Mohammadali Jardaly

Dr Mohammadali Jardaly
Slide at 05:33
Mohammad Ali Jard... Tuition creep of medical schools in Lebanon $70,000.00 $60,000.00 Tuition rising by 4% annually $50,000.00 in 2011: $27,756/year $40,000.00 in 2018: $39,755/year $30,000.00 $20,000.00 in 2030: $60,000/year $10,000.00 Years
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Summary (AI generated)

By 2018, tuition was close to 40,000.Ifitcontinuedatthatrate,by2030itwouldreach40,000. If it continued at that rate, by 2030 it would reach 60,000. This would mean a doubling of tuition in less than 20 years, which is not sustainable. This is especially concerning given the disconnect between tuition costs and wages in Lebanon. For example, in 2009 when we started the study, the minimum wage in Lebanon was only 400permonthandthemedianwagewas400 per month and the median wage was 1300 per month.