Argys and Friedson research debt links to mortality
The study, " Killer Debt: The Impact of Debt on Mortality" found that there was a negative statistical correlation between delinquent debt and health, as measured by mortality. It also found that there was a positive correlation between credit-worthiness and health. In other words, individuals with good credit and smaller amounts of delinquent debt were less likely to die at a younger age than those with it. Associate Dean and Economics Professor Laura Argys, who conducted the research with Assistant Professor Andrew Friedson, said the research sheds light on the extent to which macroeconomic shocks, like the Great Recession, for example, impact individual health.
High debt can kill you, CU Denver study finds
Denver Business Journal, Jan 18