A report was recently released which contains some troubling statistics regarding foreclosures. The report was by First Focus, a bipartisan advocacy group, and it regards the number of children in the U.S. who have been or likely will be touched by foreclosures.
The statistics indicate that the number of children in the U.S. who have been or likely will be impacted by the foreclosure crisis is quite high. The report estimates that over eight million children in the U.S. have lived in an owner-occupied or rental home which was foreclosed on or are currently living in an owner-occupied or rental home which is at risk of being foreclosed on. That is about 10 percent of children in the United States.
Florida is a state that has been hit particularly hard in the foreclosure crisis. Thus, it’s not too surprising (but nonetheless troubling) that the statistics in the report indicate that Florida has a particularly high number of children who have been or likely will be touched by foreclosures. The report estimates that 15 percent of children in Florida have lived in an owner-occupied home which was foreclosed on or are currently living in an owner-occupied home which is at risk of being foreclosed on. This is the second highest rate of any state in the country.
These statistics are quite troubling given how impactful foreclosures can be on children. According officials with First Focus, foreclosures can have negative effects on a variety of things in a child’s life, such as a child’s development, health and school performance.
The statistics in the report give rise to an important question: are authorities in Florida and the rest of the country doing enough to minimize the impact of the foreclosure crisis on children?
What do think? What could/should be done to reduce the impact of the foreclosure crisis on kids?
Source: First Coast News, “Report Estimates 8 Million Children Hurt By Foreclosures,” April 24, 2012