Do Doctors Earn More than Average in Recession?

Doctors & Recession: Do Doctors Earn More than Average in Recession?

Many of you may have this question in your mind. Well, we can’t say this weather a doctor or anybody else is earning more than an average in general in recession. This is because During the years 2007-09, US Federal Reserve has printed literally Trillions of Dollars out of thin air only and push it into the economy.

Thus, the newly printed dollars are diluting the purchasing power of the existing dollars in the economy. So Technically speaking, it is quiet possible that a Doctor is making literally 6 figure income every year but according to the purchasing power, this money is diluted.

In other words, The purchasing power of the money is diluted worldwide and the Income of the doctors is the same. So in real sense, it is the dilution of doctors’ purchasing power. Doctors are making the same amount of money from their medical practice but unfortunately this money is not the same in its purchasing power as it was just before 2-3 years.

So It is really difficult to say that weather doctors are earning above average than the previous standard or not in Recession. We need to count GDP & Inflation adjusted Income levels. Than and only we can get the answer of this question.

Printing more money is not the solution of money problems. In fact, printing money like this ultimately affects the economy in very bad manner.

If you want to preserve your purchasing power than simply Invest your earned money. Just buy some Asset out of your money. This is the only way to preserve the purchasing power of your money…