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Study: Foreclosures Are Causing Depression, Worsening Health Outcomes

The nation’s foreclosure crisis is leading Americans to depression and worsening health problems, a new study from researchers at the University of Maryland has found. One in five people in default on their mortgages have serious symptoms of depression and “about one-third have seen their finances so crimped that they cannot afford to fill prescriptions and get enough to eat, which worsen health problems,” the report concluded. The findings seem to confirm similar research out of Princeton, which identified “a direct correlation between foreclosure rates and the health of residents in Arizona, California, Florida and New Jersey.”

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