Foreclosures Are Making Us Sick!
What are the full effects of foreclsoure on society?
New research by a joint Princeton University and Georgia State University study inidcates the threat of foreclosure is making us sick!
Two economists and have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the U.S. They showed a direct correlation between foreclosure rates and health in residents of New Jersey, Arizona, Florida and California.
Each state was analyzed by ZIP code, comparing foreclosure rates to reports of emergency-room visits and hospital admissions for stress-related conditions from April 2005 through December 2009.
Their conclusions published last month by the National Bureau of Economic Research showed that an increase of 100 foreclosures corresponded to a 7.2% rise in emergency room visits and hospitalizations for hypertension, and an 8.1% increase for diabetes, among people aged 20 to 49.
This will cause bigger problems in the future because many of those seeking emergency room services are unemployed and without health insurance to pay the hopsital bills.
Now there's a call for health care dollars in any government funding to deal with the crisis in the housing market!! Read the NY Times op-ed .