Children Harmed in the Subprime Mortgage Crisis
By Jill Michaux, Kansas Bankruptcy Attorney on Jun 14, 2008 in Foreclosure News
Two million children will be directly impacted by the subprime mortgage crisis, according to a report by FirstFocus, a Washington, D.C., children’s advocacy group. That number is expected to grow as renters are displaced by foreclosures and conventional mortgage defaults increase.
Impacted children may be homeless, are less likely to read proficiently, more likely to drop out of school, experience behavorial problems and may have compromised physical and mental health due to lack of money for health care and insurance, according to the report.
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