The Foreclosure Generation

The Long-Term Impact of the Housing Crisis on Latino Children and Families

By the National Council of La Raza, 2010

Despite positive signs that our overall economy is emerging from the deepest recession since the Great Depression, the socioeconomic status of Latino families has not improved and continues to lag behind that of other Americans. More than one million Latino workers have lost their jobs, and Latinos have experienced the largest increase in unemployment of any group since the recession began in December 2007. Unfortunately, the worst may be yet to come; it is estimated that more than 1.3 million Latino families will lose their homes to foreclosure between 2009 and 2012.

http://www.nclr.org/content/publications/download/61725