 |
Daily Real Estate News | May 2, 2008
Mortgage Crisis Has Big Impact on Kids
More than 2 million children will be directly impacted by the subprime mortgage crisis, as their families lose their homes to foreclosure, according to a new report from First Focus, a bipartisan children’s advocacy organization based in Washington, D.C.
"When families lose their homes, kids often lose their schools and access to services. Such changes not only impact their education but their physical and mental health as well," says Bruce Lesley, president of the organization.
The report points out that parents who face foreclosure are less likely to have money available for health care or insurance, and speculates that children who are displaced will be less proficient in reading and more likely to drop out of school.
First Focus is calling for the government to make keeping children in their homes a priority in federal policy and budget decisions.
Source: First Focus (05/02/2008)
Browse all of today's news
| |
|
RSS Feed