By the end of 2016, many healthcare professionals have heard the call of the millennial workforce.
The demand for care and caregiving services is so strong, healthcare workers have seen their paychecks increase.
Many are now starting to worry about the future.
With this in mind, Mashable spoke to experts to get their take on how to stay financially viable in the health care industry.
According to a 2017 survey from the U.S. Bureau of Labor Statistics, nurses, doctors, nurses’ aides and others are among the least likely to retire in their 50s.
However, a recent study from the National Bureau of Economic Research found that healthcare workers earn a median of $60,000 more than other workers, and they’re also the least satisfied with their pay.
While many healthcare workers aren’t paying their fair share, they are still earning a decent salary.
“When you look at how much people have been getting paid over the years, healthcare is a high-wage industry,” said Mark S. Wigdor, a healthcare industry analyst with the firm PwC.
“The typical worker would make $80,000, but when you look into what other industries are paying that much, it’s a lot higher.”
Healthcare jobs in the United States are often considered high-paying because they involve many hours and are usually required of those with certain certifications.
This means that healthcare professionals who want to retire can rely on the system to cover those expenses.
“If they are making a living wage, it would be very challenging to not have a job, or if they are doing some other sort of work, they would probably need to have a position that would be similar to a position in a larger healthcare company,” said Paul H. Teller, the president of H&H Consulting.
“If you’re doing something else, it can be very difficult to stay on your own.”
So what can you do if you’re planning to retire?
H&: Consulting’s Wigdo says the most common retirement strategy is to take out an IRA and to use it to help with any other expenses.
For instance, you could use your savings to buy a home, which would then allow you to retire with some peace of mind.
But there are many other options, and many of them require little or no money.
You could use it as a down payment on a new home, for example.
Another way to save is to pay off some of your student loans.
“That could allow you and your spouse to pay your bills off before you go back into the workforce,” he said.
Other retirement options include 401(k)s, which are investments in companies that can be withdrawn for retirement.
Another option is to use employer-sponsored retirement accounts (ESAs), which are investment vehicles that are offered by employers and allow employees to receive up to an average of 6 percent of their salary, according to H&s.
If you don’t have any savings, you can also take out a student loan and then take advantage of the 401(m) option.
“It’s very common for people to be working for companies that offer ESAs, or they can get ESAs and use them as an investment option for their retirement,” he explained.
“People who have saved for retirement can do it and then use that money as an option for retirement.”
But what about those who are currently working?
The best way to deal with this is to be flexible.
“It is possible to stay with your current employer for some years and not be in a position where you’re making more than the average person,” said Wigdors.
“And if you don, it may be better to take advantage and use some of that money to buy or build a home or start a business.”
If you have a college degree or have worked in healthcare, there are some additional benefits that can come with your job.
“You can get to work in a very high-quality setting, which will help your career and you can earn a lot of money,” said Teller.
But, Wigdanis said, you should always be aware of your options.
“We’ve been saying for years that you have to be aware what your financial position is and that you should plan for when you are retiring,” he advised.
“Make sure you’re financially stable.”
What you need to know about the health insurance industry:What’s your employer health insurance plan?
The Affordable Care Act (ACA) allows employers to offer health insurance plans, but they need to do so through the federal exchange.
You can find out how much you will be able to get from your employer and from other sources like your state.
The ACA also gives employers the option of setting up a “risk pool” to pay premiums to workers, which helps them pay for out-of-pocket costs, but also protects them against the costs of medical problems or accidents.
“The ACA has allowed employers to set up their own