Foreclosure ripple effect: 8.3 million children in jeopardy

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http://economywatch.msnbc.msn.com/_news/2012/04/19/11286474-foreclosure-ripple-effect-83-million-children-in-jeopardy?lite

When we think of foreclosure, we tend to think of the tremendous financial toll it takes on adults. But a new report sheds light on the millions of children who are having their lives thrown into disarray by the crisis as well.

The analysis of foreclosure data, prepared for the children’s advocacy group First Focus, finds that as many as 2.3 million children have lost their homes to foreclosure. In addition, the report finds, another 3 million are at risk being displaced from their homes due to foreclosure.

The researchers also say that an additional 3 million kids could be affected by foreclosure because they live in a rental home that is either in foreclosure or at risk of being foreclosed upon. That means more than 8 million children are either affected or at risk.