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US Foreclosures Linked To Increased Suicide Rate In Middle-Aged Adults

universityherald.com | May 18, 2014

By Jaleesa Baulkman

Recent foreclosures in the United States have been linked to an increase in suicide rates, according to a recent study.

Researchers from Dartmouth College in New Hampshire found that the foreclosure crisis contributed significantly to the nation's jump in suicides, independent of other economic factors associated with the Great Recession.

"It seems that foreclosures affect suicide rates in two ways," Jason Houle, co-author of the study and an assistant professor of sociology at Dartmouth College, said in a statement. "The loss of a home clearly impacts individuals and families, and can arouse feelings of loss, shame, or regret. At the same time, rising foreclosure rates affect entire communities because they're associated with a number of community level resources and stresses, including an increase in crime, abandoned homes, and a sense of insecurity."

For the study, researchers analyzed state-level foreclosure and suicide rates from 2005 to 2010. During that period the suicide rate in the United States increased nearly 13 percent, and annual home foreclosures hit a record 2.9 million (in 2010).

Based on their findings, the effects of foreclosures on suicides were strongest among adults 46 to 64 years old, who also experienced the highest increase in suicide rates during the recessionary period.

"Foreclosures are a unique suicide risk among the middle-aged," Houle said. "Middle-aged adults are more likely to own homes and have a higher risk of home foreclosure. They're also nearing retirement age, so losing assets at that stage in life is likely to have a profound effect on mental health and well-being."

Researchers said this is the first study to show a correlation between foreclosure and suicide rates.

The findings will be published in the June issue of American Journal of Public Health.

 

Back to May 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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