Sep 01, 2011
Foreclosures are killing us (no, really)
01 Sep 2011
Posted by Andrew Kantor
Interesting piece in yesterday’s Wall Street Journal, “Tying Health Problems to Rise in Home Foreclosures.”
New research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University shows a direct correlation between foreclosure rates and the health of residents in Arizona, California, Florida and New Jersey.
The economists concluded in a paper published this month by the National Bureau of Economic Research 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.
A wee bit of good news:
The economists didn’t find similar patterns with diseases such as cancer or elective surgeries such as hip replacement, leading them to conclude that areas with high foreclosures are seeing mostly an increase of stress-related ailments.