What Is The Average Child Support Payment

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What Is The Average Child Support Payment ?

The average child support payment is changing from year to year in the United States. Around 6.9 million parents who had custody of their children in the year 2001 were due. The spouses had not paid the child support, and an average of $5,000 per parent was due. It sums to a total aggregate of $34.9 billion payments due. This sum total has been increasing ever since.

In the same year, the parent who received child support payment summed up to 44 percent. Among these, most parents received about $5,800. So, the average child support payment that was received was around $5,000.

The statistics keep increasing year by year. However, the main reason for parents defaulting has been blamed upon recession. The bad economy has caused overall financial degeneration. It has also played a role in the decrease in the average child support payments. For example, couples, who got divorced five years earlier, were earning a better pay packet and were in a position to pay the child support with ease. However, the changing financial scenario caused by loss of job and pay cuts has caused these parents to skip child support payments in order to save their own credit report.

What most people do not realize that child support is treated as a debt if unpaid and also, when paid, it is not considered as an income. These are the two sides of the same coin. So it stands as a lien on their credit report. Parents, who are unable to pay the child support, appeal to the court and show hardships. This makes the judge to alter the child support payment, and decrease it considerably.

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What Is The Average Child Support Payment

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Copyright 2010 Bestdaddytips.com , All rights reserved.
( What Is The Average Child Support Payment ? )