Statistical Indicators

Scary Stats

Posted on Friday, May 22, 2009

1 kid in every classroom in American currently lives in a home thats in foreclosure.

43% of us spend more than earn

52% of us live paycheck to paycheck

42% of us don’t have enough liquid assets to support 3 months

Lenders lose 20 to 60 cents on the dollar on each foreclosure. Typically lose $50K per foreclosure.

There are an average of $34K direct local govt costs from each foreclosure (inspectors, police, court, fire, demo, water, sewer, trash)

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