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Why do psychologists make so little despite such expensive educational costs?
Wiki User
∙ 10y ago
Don't know where you are from but usually around the world psychologists are richer than doctors.
Wiki User
∙ 10y ago
Psychologists may make relatively less compared to the cost of their education due to factors such as oversupply in the field, lower demand for certain psychology services, and limitations on billing rates set by insurance companies. Additionally, many psychologists work in settings such as non-profit organizations or schools where salaries are typically lower compared to private practice.
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