Children Are The Biggest Victims Of The Current Housing Crisis

According to a new report, more than 8.3 million children are facing the direct consequences of home foreclosures.



In 2008 – Wall Street got bailed out – and homeowners got sold out. And now – it’s the children who are the biggest victims of the ongoing housing crisis.

According to a new report from First Focus and the Brookings Institute – more than 8.3 million children are facing the direct consequences of home foreclosures.

 Already – more than two million children have seen their homes foreclosed on since 2008, and another six million children are at risk of being foreclosed on.

In California alone – more than a half-million children have gone through the foreclosure process – seeing firsthand what it’s like to have their home taken away from them.

Families that are foreclosed on have a higher risk of living in poverty – and children growing up in poverty – as nearly 16 million currently are in the United States – are more likely to drop out of school and commit crime.

Not only did Wall Street steal $7 trillion worth of wealth from the middle class – but they also stole a generation of young people too. And yet still – not a single bankster is in jail.

Tags:

Thom Hartmann
Thom Hartmann is a progressive nationally and internationally syndicated talkshow host (also simulcast as TV in 40 million homes by Dish Network/Free Speech TV), and New York Times bestselling, four-time Project Censored winning author of 24 books in print in 17 languages on five continents. Follow Thom on Twitter @Thom_Hartmann

Iraq And Afghanistan Vets To Be Honored In D.C.

Iraq

The names of all those who have died in battle since 9/11 will be read aloud at the Vietnam Veterans Memorial on May 24.

The Flat-Earth Society Has Arisen Again

Can you imagine what the reaction would be if all four Republican candidates for North Carolina’s senate seat said the sun revolves around the earth?

Hagel Notifies Egypt Of Military Aid, US Certification

This is a relaxation of a partial suspension of aid imposed by the US government after Egypt’s military ousted President Mohamed Mursi cracked down violently on protesters.

Georgia Governor Approves Gun Rights Bill

Photo/M. Glasgow

Georgia Gov. Deal called the bill “a great day to affirm our liberties” and said that the bill expands the ability for families to defends themselves.

Air Force Chief of Staff Says Cutting A-10 Necessary To Maintain “Strategic Agility”

General Mark Welsh, the Air Force Chief of Staff, defended the decision to retire the fleet of A-10 “Warthog” planes.

Hagel Departs For Mexico, Guatemala To Emphasize U.S. Commitment

While in Mexico, Hagel will attend the second US-Canada-Mexico North American Defense Ministerial conference to meet with the other defense leaders.