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.

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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

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