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Study: Public health issues may relate to mortgage crisis

Posted On Thu, October 27, 2011

A recent study from the American Journal of Public Health found that for Americans over the age of 50, their health could be affected if they are behind on their bills - especially their mortgage payments.

Symptoms of depression was more prevalent in those who were delinquent in paying their home loans, as 22 percent had signs of the illness develop, according to the study. For those without mortgage issues, this only occurred 4 percent of the time. Those with mortgage issues also tended to have problems paying for medicine, health insurance and food, which possibly added to their stress and depression levels over the course of the examination.

"This study has pinpointed an issue that until now has been somewhat under the radar, but which threatens to become a major public health crisis if not addressed," said Dr. E. Albert Reece, vice president for medical affairs at the University of Maryland.

Consumers who are tight on cash may want to look at cheaper health insurance rates, as this could help out with both saving cash for needed bills and making the proper care available.

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