We all know the toll that the foreclosure crisis has played on the economy and the housing market. There has even been much reported on foreclosures impact on pets, but what about the children?
In a recent report conducted and published by First Focus , it is estimated that 1.95 million children will be affected by foreclosure over the next two years. The report reveals some startling revelations about the impact foreclosure has on the success of school aged children:
•1. Each time a child moves to a new school it takes an average of 6 weeks for them to adjust.
•2. Children who move 2 times in a year are half as likely as their peers to read proficiently.
•3. Children of foreclosure have a higher chance of being held back a grade.
•4. Excessive Mobility reduces the chances of graduation by 50%.
Also affecting the class room, this study finds that children, who are forced from their homes, are more likely to display behavior problems and aggressive behavior. Children are just one more compelling reason to get a handle on the escalating problem of foreclosure. The long term societal implications are staggering.
To see the full report of how foreclosures impact children in Ohio and other states CLICK HERE
For foreclosure options please give me a call at 614-273-6406 or email me at Vanessa.simmons@realliving.com.
This is sad that it boils down to our youth. They can be affected for there life by hardship and foreclosure. I like that you are trying to help.
It will be nice to turn the page on all of this loss...thanks for your comment
www.Strength.org a non profit organization helps feed hungry children. . they are very busy these days
Fernando, thanks for the link and I bet they are busy are they nationwide I have not heard of them..
It is very sad all the way around.
Jim thanks for the comment and you are correct it is sad all around. The toughest deals are the ones that involve children.
Thanks for bringing this report to our attention -- we will make this resource available to people here in Arizona who are interested. Arizona is one of the hardest hit states.
Bob and Carolin, that is wonderful.. This is a problem we all must work at because if we do nothing we all will pay the consequences..
Incredibly sad. Here you have people that thought they were doing th right thing, each kid gets their own room, a yard, you know, and they trust that an option ARM or 2/28 is a good thing because they don't know a 2/28 from a 30 yr fixed.
And the kids suffer. Very thoughtful post, Vanessa.
Phil, I agree it is sad. Even if parents acted irresponsibly the kids should not have to suffer but they are suffering in unbelievable numbers.
Thank you Vanessa! I feel for so many in this situation. I hope that we come up with a solution soon!
Jamie thanks for your comment. The solution is jobs and finding ways to help people stay in their homes. This foreclosure business is bad for everyone.