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Kathy Marshack News

Foreclosures Linked to Depression

Wednesday, August 26, 2009


A startling new study links depression to the housing foreclosure situation. Apparently large numbers of people whose homes are being foreclosed are diagnosed with depression, some with major depression symptoms. Adding to the stress is the fact that these same people also may be struggling to afford medication and food, causing meals to be skipped. While it may seem obvious that a foreclosure will lead to depression, clinical depression is not the same thing as being upset about losing your house. Clinical depression is serious and can be deadly. This is a major health concern for our community.

The Portland Business Journal recently commented on the growth of foreclosures in the Portland area. They quoted "11,647 foreclosure actions affecting one in every 65 homes in the area." What a staggering statistic! As a psychologist, I have seen many times that social and economic changes are factors that can affect depression. If you are dealing with a economic difficulties like losing your home, please review a list of symptoms to see if you may be struggling with depression.

While some people sail through these difficult times, others are not as resilient. It is important to keep evaluating your mental health every so often especially as times grow increasingly challenging. When depression that is untreated, it can impair your daily life and make more difficult for you to confront and cope with your difficult economic situation.

Remember that you are not alone and there is a light at the end of the tunnel. Depression is treatable. I highly recommend setting up an appointment with a mental health care professional. They will be able to give you the guidance and direction needed during these difficult times. If you live in the Portland/Vancouver area, feel free to contact me personally for more information.


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