Wednesday, August 31, 2011

Foreclosures cause health problems

Losing a home through foreclosure is not just stressful financially, but it can also severely impact homeowners' health, the Wall Street Journal reported. In a study, two economists showed a direct correlation between foreclosure rates in Florida, New Jersey, California and Arizona and the health of residents in those areas. In their paper, the researchers noted that an increase of 100 foreclosures corresponded to a 7.2 percent rise in emergency room visits and hospitalizations for hypertension, and an 8.1 percent increase for diabetes, among people aged 20 to 49. Since the economists didn't find any connection to diseases such as cancer or elective surgeries such as hip replacement, they concluded that areas with high foreclosures are seeing mostly an increase of stress-related ailments.

Read the rest of the article at The Real Deal

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