“The foreclosure crisis is also a health crisis. We need to do more to ensure that if people lose their homes, they don’t also lose their health,” the study’s lead author, Dr. Craig E. Pollack, who conducted the research while at the University of Pennsylvania School of Medicine, said in a news release.
The financial strain of foreclosure may cause people to reduce what they consider discretionary health care spending, for such things as preventive care visits, healthy foods and drugs for chronic conditions. This can have a serious effect on long-term health, Pollack said.
I sit down with many borrowers who reduce the food and healthcare budgets to make their payment on time.
What is scary to me is that if you Google for current suicide rate related to the economy, you will find that this is on the rise. Compare it to the LIBOR index or any index which tracks adjustable mortgage interest rates, I believe you will find a strong correlation.
“Morte” is the latin word for death, I didn’t think they meant literally…
We have not even begun to feel the long term impact of what this situation will do to our healthcare system.