What is a cost of living adjustment for child support?

A cost of living adjustment (COLA) for child support is a way to ensure that the amount of money owed for child support payments keeps up with the rising cost of living. In the state of Nebraska, child support payments are adjusted for inflation annually. This adjustment is based on the Consumer Price Index for All Urban Consumers (CPI-U) in the state. The annual adjustment keeps child support payments up to date with the current cost of living. This allows children to get the same quality of financial support in a changing economy. COLA adjustments are made to the existing court-ordered payment amount. Payments are recalculated every year and the new amount is effective from July 1 until June 30 of the following year. The adjustments are done automatically, meaning that parents do not have to apply. However, parents can apply to the court if they feel that the individual circumstances of their case should warrant an adjustment. When the cost of living increases, the COLA adjustment helps to ensure that children in Nebraska receive the financial support they need and deserve. The adjustment also helps parents avoid the usual long and costly process of applying to the court for a modification of the child support amount.

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What is a cost of living adjustment for child support?

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