Getting sick and falling behind: health and the risk of mortgage default and home foreclosure

Houle, Jason N.; Keene, Danya E.

doi:10.1136/jech-2014-204637

Cited by 39 publications

(32 citation statements)

References 18 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…21 However, we did find that the impact of influenza is larger for borrowers who are behind on payments, which dovetails with research that shows that vulnerable populations have a greater need for borrowing in the wake of a health shock. 21 However, we did find that the impact of influenza is larger for borrowers who are behind on payments, which dovetails with research that shows that vulnerable populations have a greater need for borrowing in the wake of a health shock.…”

Section: Discussionsupporting

confidence: 82%

“…21 In the case of influenza, recent legislation on paid sick leave could alleviate the financial burden of illness, particularly among lowincome populations who have a high risk of default. 21 In the case of influenza, recent legislation on paid sick leave could alleviate the financial burden of illness, particularly among lowincome populations who have a high risk of default.…”

Section: Discussionmentioning

confidence: 99%

See 1 more Smart Citation

Flu and Finances: Influenza Outbreaks and Loan Defaults in US Cities, 2004–2012

2015

View full text Add to dashboard Cite

show abstract

Section: Discussionsupporting

confidence: 82%

Section: Discussionmentioning

confidence: 99%

Flu and Finances: Influenza Outbreaks and Loan Defaults in US Cities, 2004–2012

2015

View full text Add to dashboard Cite

show abstract

“…There remains the possibility, of course, that findings in the aggregate may not transfer to individuals [ 63 , 64 ]. Related to the above, given that poor health has frequently been cited as a cause of foreclosure [ 29 , 31 , 32 , 65 , 66 , 67 ], it is possible that the observed association may be explained by reverse causality. Only two of the studies based on individual-level data accounted for potential selection effects by adjusting for baseline (pre-foreclosure) comorbidity.…”

Section: Discussionmentioning

confidence: 99%

Home Foreclosure, Health, and Mental Health: A Systematic Review of Individual, Aggregate, and Contextual Associations

Tsai

2015

PLoS ONE

View full text Add to dashboard Cite

BackgroundThe U.S. foreclosure crisis intensified markedly during the Great Recession of 2007-09, and currently an estimated five percent of U.S. residential properties are more than 90 days past due or in the process of foreclosure. Yet there has been no systematic assessment of the effects of foreclosure on health and mental health.Methods and FindingsI applied systematic search terms to PubMed and PsycINFO to identify quantitative or qualitative studies about the relationship between home foreclosure and health or mental health. After screening the titles and abstracts of 930 publications and reviewing the full text of 76 articles, dissertations, and other reports, I identified 42 publications representing 35 unique studies about foreclosure, health, and mental health. The majority of studies (32 [91%]) concluded that foreclosure had adverse effects on health or mental health, while three studies yielded null or mixed findings. Only two studies examined the extent to which foreclosure may have disproportionate impacts on ethnic or racial minority populations.ConclusionsHome foreclosure adversely affects health and mental health through channels operating at multiple levels: at the individual level, the stress of personally experiencing foreclosure was associated with worsened mental health and adverse health behaviors, which were in turn linked to poorer health status; at the community level, increasing degradation of the neighborhood environment had indirect, cross-level adverse effects on health and mental health. Early intervention may be able to prevent acute economic shocks from eventually developing into the chronic stress of foreclosure, with all of the attendant benefits this implies for health and mental health status. Programs designed to encourage early return of foreclosed properties back into productive use may have similar health and mental health benefits.

show abstract

“…Healthcare costs due to serious medical conditions may drive patients into bankruptcy (Himmelstein et al, 2009). Houle and Keene (2014) find that illness increases the risk of mortgage default and foreclosure. A second form of endogeneity which arises for subjective reports of financial difficulties is discussed by Bridges and Disney (2010).…”

Section: Modelling Strategymentioning

confidence: 92%

The impact of debt and financial stress on health in Northern Irish households

French

McKillop

2017

Journal of European Social Policy

View full text Add to dashboard Cite

We analyse data collected from a survey of Northern Irish low-income households experiencing varying degrees of financial hardship and examine how debt affects health and health-related behaviours. Our results indicate that the subjective experience of feeling financially stressed has a robust relationship with most aspects of health, including ability to self-care, problems performing usual activities, pain problems and psychological health. In contrast, the size of the debt, the type of debt or the number of different lenders does not add any extra explanatory power. Additionally, our results indicate that the pathway from financial difficulties to worse health runs through worse diets and increased consumption of cigarettes and drugs. This research is timely as household debt burdens will soon surpass the high levels seen at the time of the financial crisis and the introduction of welfare reform in Northern Ireland will put additional strain on low-income households.

show abstract

Getting sick and falling behind: health and the risk of mortgage default and home foreclosure

Abstract: From a policy perspective, the strong link between the onset of illness and foreclosure suggests a need to re-examine the safety-nets that are available to individuals who become ill or disabled.

Cited by 39 publications

References 18 publications

Flu and Finances: Influenza Outbreaks and Loan Defaults in US Cities, 2004–2012

Flu and Finances: Influenza Outbreaks and Loan Defaults in US Cities, 2004–2012

Home Foreclosure, Health, and Mental Health: A Systematic Review of Individual, Aggregate, and Contextual Associations

The impact of debt and financial stress on health in Northern Irish households

Contact Info

Product

Resources

About