Over 300K home owner suicides attributed to foreclosures.
A reader recently asked us to check a social media meme with a striking statistic about foreclosures and suicides. It said, "1.4 million homes stolen by banks since 2008. Over 300K home owner suicides attributed to foreclosures. Why won't anyone defend these American property owners' rights?" Have there really been 300,000 suicides linked to foreclosures? We decided to take a look. We first checked with the group credited with creating the meme -- a news and opinion site called occupycorporatism.com -- but an email to the site’s general inbox was not returned. So we next checked annual death statistics from the Centers for Disease Control and Prevention. The most recent report came out in December 2013, covering statistics for 2010. For 2010, CDC found that suicide was the 10th most common cause of death, with 38,364 cases. Here’s the number for the past nine years: Year Suicides 2010 38,364 2009 36,909 2008 36,035 2007 34,598 2006 33,300 2005 32,637 2004 32,439 2003 31,484 2002 31,655 Total, 2002-10 307,151 So the total number of suicides from 2002-10 is around 300,000. But for the meme to be correct, you’d have to believe that every single American suicide between 2002 and 2010 was caused by a foreclosure. Of course, that assumes there was a reliable way to measure this kind of causal effect. (The CDC reports don't address what caused a person to commit suicide.) And the meme is even further off-base it it intends to be referring only to suicides since 2008. We asked several experts whether the meme's claim was even remotely possible. "There is no basis for this claim," said Douglas Massey, a population-research professor at Princeton University. "It isn't plausible that every suicide over a nine-year period could be attributed to foreclosure," agreed Janet M. Currie, a Princeton University economist who, along with Erdal Tekin of Georgia State University, has studied the health impacts of the rising tide of foreclosures in the United States. Tekin expressed similar skepticism when contacted by PolitiFact. In their own research, Currie and Tekin found that a location with about 400 foreclosures in a year might see 24 more medical visits for mental health conditions, including suicide attempts. But that wouldn’t be enough to support the meme’s claim, Currie said. Our ruling The meme said that over 300,000 homeowner suicides are attributable to foreclosures. But that would mean every suicide over a nine-year period would have been caused by a foreclosure, and experts say that’s not credible. We rate the claim Pants on Fire.
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