Public Health

Foreclosures: Bad for your health

According to a recent study by Pollack and Lynch (2009), having your house foreclosed is bad for your health.  The Penn Gazette summarizes the paper’s findings as follows:

[the authors]  presented sobering findings culled from a survey of 250 Philadelphians who had sought credit counseling for home mortgage foreclosure.  More than one-third of the study participants met screening criteria for major depression, and after adjusting for demographic and financial factors, people undergoing foreclosure had significantly higher rates of hypertension and heart disease than others in the community.

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