What is a cost of living adjustment for child support?

A cost of living adjustment (COLA) is a type of adjustment made to child support payments in order to keep up with inflation. In Wisconsin, the cost of living adjustment is typically applied to child support orders or agreements that are three or more years old. When inflation occurs, the cost of everyday items can increase, but child support payments remain the same. A COLA can help ensure that parents are able to keep up with the rising costs of raising a child. Without a COLA, parents may struggle to cover the basic needs of their children. There are a few ways to apply the COLA. The parent paying child support may be required to adjust the amount of their payments according to a formula based on the Consumer Price Index. Alternatively, the court may review the amount of child support payments at the three-year mark and adjust them as needed. COLAs can vary from state to state, so it is important to review the laws in your particular state. In Wisconsin, COLAs are required for any child support order that is more than three years old. It is a good idea to review your child support order periodically to make sure it is up-to-date.

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What is a cost of living adjustment for child support?

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