What's the one healthcare profession where salary doesn't keep pace with inflation?
Hint, it's on page 4-6 of this document Trends in Dentists' Income, Revenue, and Hours Worked
Based on the ADA survey of dental practice, dentists used to make an inflation-adjusted $274,198 in 2010 and now $215,320 in 2025, over 20% decrease in purchasing power while housing, health insurance, and cost of living continue to climb.
Wanna know why? Dental insurance was designed back in the 70s and usually caps the yearly benefit at around $1,500. Well, that cap hasn't changed in 50 years. If it had tracked inflation, the cap would be $6,000 today. From my actual experience, this cap affects how the patient decides to choose your service. Back then $1,500 means a lot of procedures can be done.
Now, let's look at other professions like nursing. Nurses have labor unions, and hospital networks can absorb operational shock when staff demands higher pay. Dentistry and being a small business owner, there's no regulation or incentive for the insurance to reimburse more (and most insurances like Dental Dental haven't increased their reimbursements for more than 1-2 decades; if anything they have DECREASED). If Blue Cross refuses to raise reimbursement rates, the hospital threatens to pull an entire region's emergency rooms out-of-network. Dentists don't have that leverage. Oh also don't forget about the increase in staff and material costs as a dentist, which has exploded over the years (just look at page 10).
For you guys, the conclusion in all of this to me isn't to not become a dentist but to realize that dentistry is just like any other commodity or product. You need to do your INDEPENDENT research before buying, and I'm not talking about just focusing on DAT or GPA. You don't go into a BMW dealership and blindly finance a car at 8% interest just because those guys (ADCOMS) look professional, have all these official buildings/certifications and everyone (your classmates and people in this sub) is doing it so you think you must end up fine too just like the herd. Just like dealerships, investment advisors, and your career - you need to be realistic and spend more time to personally understand what you're going into. Gluck