| Author(s): | Bowdler, J., Quercia, R., and Smith, D. |
| Title: | The foreclosure generation: The long-term impact of the foreclosure crisis on Latino children and families |
| Source: | http://www.nclr.org/files/61725_file_Foreclosur... |
| Date: | 2010 |
| Organization: | National Council of La Raza |
| Short Description: | The overall health of our future economy and ?nancial systems depends on how well Hispanic families recover from the recession. Families will not recover, however, without dedicated and tailored e?orts to stem the tde of foreclosures and unemployment and prevent future waves of consumer abuse.
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| Annotation: | The loss of a home to foreclosure can send families on a path of parental discord, disrupt children’s educaton and cause behavioral problems, and a?ect the mental health of children and parents alike. Not surprisingly, family budgets can be decimated. Millions of families are struggling to pay their bills and asking themselves how they will retire or send their children to college.
By 2050, Latinos will make up 30% of the U.S.
populaton, compared to 15.4% today, and immigrants and their children will account for 82% of household growth between now and 2050. The overall health of our future economy and ?nancial systems depends on how well Hispanic
families recover from the recession. Families will not recover, however, without dedicated and tailored e?orts to stem the tde of foreclosures and unemployment and prevent future waves of consumer abuse.
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