Social Security Benefits for Children - GoBankingRates
Sure, Social Security is well known as a retirement benefit program for American seniors, but it is actually much more. Almost from its inception, Social Security was intended to also provide financial security for eligible dependents of retired seniors who receive Social Security benefits and that, in many cases, includes their children. Indeed, the Social Security Administration pays out nearly $3 billion per month in benefits for children of Social Security recipients, mostly children who are minors but also to those who became disabled before the age of 22. The eligibility criteria are strict, and surviving children get more than children of a living SS beneficiary, but Social Security is an important financial lifeline to the most vulnerable, as explained in this GoBankingRates article by Vance Cariaga. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…