“These results provide evidence that natural disasters lead to declines in credit scores and mortgage performance, and that the effects persist or even worsen over time.” Ratcliffe et al. (2020) tinyurl.com/ywbjvfwt
From Bad to Worse: Natural Disasters and Financial Health
Many families live on the financial edge, but a natural disaster can throw even better-situated families into financial turmoil. Comparing the financial outcomes of residents in areas hit by natura...
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