A new study recently published by the National Bureau of Economic Research purports to have found another link between economic well-being and physical well-being are connected. Study co-author, Princeton Economist Janet Currie, stated "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."
The study took information on emergency room and hospital admissions related to stress and anxiety from four of the states hardest hit by the foreclosure crisis; Florida, California, Arizona and New Jersey from April 2005 to December 2009. The study found for every 100 foreclosed properties in a community, ER and hospital admissions rose 7.2% for hypertension and 8.1% for diabetes. ER and hospital visits also rose for general conditions caused by stress with anxiety related visits and admissions increasing by 12%.
The study doesn't focus solely on the millions of homeowners going through the foreclosure process, it also highlights the struggles of those paying for a mortgage which is severely underwater. If you are one of the thousands of Floridians facing a Florida Foreclosure Lawsuit, contact a Jacksonville Foreclosure Lawyer or a Florida Foreclosure Defense Lawyer today for a complimentary consultation to determine what foreclosure alternatives may be available to you.
