Inflation Challenges and Child Support Modifications

January 13, 2024

Inflation Reduces the Purchasing Power of Fixed Child Support Amounts, Making It Harder to Cover Everyday Expenses and Activities Crucial for Maintaining Children’s Lifestyles Inflation is an economic condition marked by rising prices, specifically, goods and services growing more expensive than in previous years. The Consumer Price Index measures price increases over a set period. By reviewing prices consumers pay for ordinary goods and services compared to other years, the U.S. Bureau of Labor Statistics calculates inflation rates. Ultimately, inflation means […]

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