Key points are not available for this paper at this time.
This article was migrated. The article was not marked as recommended. Background: Personal financial literacy is associated with successfully managing debt, investing for retirement, and coping with financial strain. Though medical students occupy a financially unique niche due to high debt, little is known about their financial literacy. In this study, the authors' objective was to assess financial literacy among medical students and to evaluate demographic, educational, and financial factors associated with financial literacy. Methods: In March to April 2015, the authors administered a cross-sectional survey to all first- (M1) and fourth-year (M4) medical students at seven geographically distributed U.S. medical schools. The survey measured performance on a financial literacy assessment, educational debt burden, and past retirement contributions. Results: The survey response rate was 37.5% (1052/2806). Students answered 47.4% of the financial literacy questions correctly. Factors associated with higher (above-the-median) financial literacy performance included male gender (Odds ratio OR = 2.19; 95% confidence interval CI: 1.70-2.83; P
Jayakumar et al. (Tue,) studied this question.