Report estimates 8 million children hurt by foreclosures

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Report estimates 8 million children hurt by foreclosures

Report estimates 8 million children hurt by foreclosures

USA TODAY-

One in 10 U.S. children has been or will be affected by the nation’s surge in foreclosures, a new report says.

Five years into the foreclosure crisis, an estimated 2.3 million children have lived in homes lost to foreclosure, according to a report from First Focus, a Washington, D.C-based bipartisan advocacy group focused on families.

Another 3 million children live in homes at risk of foreclosure because home loans are in the foreclosure process or are seriously delinquent. And 3 million children lived or live in rental homes lost to foreclosure or at risk, the report says.

“Children are the often invisible victims of the foreclosure crisis,” said report author Julia Isaacs. She did the study while at the Brookings Institution and is now a senior fellow at the Urban Institute’s Labor, Human Services and Population Center.

[USA TODAY]

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