Recent Foreclosures: Who Do They Affect?
The recent foreclosures in today's economic recession have deeply affected children and families. Through the loss of homes, they have affected children through changing their lives drastically. Through the emotional struggle they go through as they depart with their beloved backyard, room, or specific belongings they couldn't take with them, the recent foreclosures have torn apart families and children with merciless style and consequences.
She had lost her job due to the frequent lay-offs that companies are now issuing, and had been unable to pay her family's mortgage. Bankrupt, and with hardly any cash, she and her family now live in a car, a cramped SUV that they use for traveling, sleeping, eating, and socializing. With all of her relatives in distant locations, the family is now forced to fend for themselves and find the scarce jobs that there currently.
This is just one example of many horrible stories on how the recent foreclosures have affected families and children. That particular family was lucky enough to keep the family together; their children are young and her husband generally works, but he too had lost his job due to being laid-off.
As much as Barack Obama will attempt to pull the United States out of the economic recession, it will still take months, and even years, for the full consequences of this recession to be remedied. Countries all over are doing their best to help as the stock market has gone done drastically; China has loaned trillions of dollars to the United States and is overlooking their country's productivity rate and frugality. Places like Australia and Britain have loaned a helping hand as well.
But stories of families being torn apart and children suffering from the recession have continually gone on the rise. Urban poverty has augmented; Seattle, for example, has reported poverty levels to have increased as much as 40% last year. Boston has reported similar statistics.
Run-away children, families breaking up, and teenagers staying in adoption centers or homeless shelters have all happened because of the recent foreclosures. With urban poverty statistics on the rise, stories continually appearing on news channels, and lives being ripped apart by foreclosures, there is not a doubt that these foreclosures have had massive impacts on families and children around the world.
Tags: Economy , Recession , Politics , Political Issue , President Of The United S , United States , Barack Obama , The United States Governm
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