Saturday, October 8, 2011

Health problems rise with foreclosure rates

Losing your home, or worrying about losing it, is enough to make you sick, says a recent study that offers insight into the toll the foreclosure crisis is taking on homeowners' health.

"Our findings prove yet again that economic well-being and physical well-being are connected," said Princeton University economist Janet Currie, co-author of the study, published recently by the National Bureau of Economic Research.

"The foreclosure crisis is having a significant impact on mental health as well as on a wide range of preventable conditions that are susceptible to stress," she said.

Economic researchers looked at four states -- Florida, California, Arizona and New Jersey -- that are among the hardest-hit by foreclosures. Florida ranks second in the nation in foreclosures behind California.

Read the rest of the article at the Montreal Gazette

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