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
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