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 .)
I JUST had a discussion about this with a friend today…. The thought of how children were being affected throughtout this mess had me up all night…Past experience, had me up all night. I moved A LOT when I was younger, and never had the feeling of “home” and security . I still find it hard to really allow myself to believe that “I WILL BE HERE FOR A WHILE” . However, for my children, I am determined to provide them with some stability to allow them to grow freely without the worries of adapting to a new surrounding or new people every other year … I am always humbled and amazed when I look at life’s bigger picture, and I’m reminded that the decisions we make impact so many people…. generations we never consider.
My prayers go up for those that are caught in this, especially for the children.