SACRAMENTO (CBS Sacramento) – A study has found that declines in the stock market may put your health at risk.
Two U.C. San Diego finance professors conducted the study with 30 years worth of California hospital admission records and correlated them with the ups and downs of the stock market.
Professors Joseph Engelberg and Christopher Parsons found from 1983 to 2011 that hospital admissions increased following stock market drops, KMBZ reported. People admitted complained especially of anxiety, depression or other conditions of mental or emotional stress.
They presented “Worrying About the Stock Market: Evidence from Hospital Admissions” at the annual meeting of the American Economic Association. The professors have submitted it for peer review to theJournal of Finance, in hopes to have it published in upcoming months.
Keep reading Study: Stock Market Declines May Be Deadly « CBS Sacramento.
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