Enough Musk Spam
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How much does an orphaned 8 year old get a month from social security? I would assume that all goes directly to the orphanage or foster home?
What is he supposed to pay his own rent and not drop $2k on Paw Patrol.
If I remember correctly, the money goes to a guardian for the benefit of the child.
20 years ago I knew someone who's husband was on a motorcycle and was run over and killed by a commercial truck driver (I think he was falling sleep or something.) She was a stay-at-home mom of 4 kids at the time. In the end between the settlement and the social security, she was able to continue to stay home to raise the children and college wasn't going to be a problem either.
I haven't thought of that family in years. In typing that out, I'm realizing that the American dream is still alive and well! Kids just have to be ready to sacrifice one of their parents to get it.
But that kid wasn’t orphaned. And I’m guessing that kid wasn’t getting social security. It’s possible parts of the settlement went into some kind of trust fund which the child wouldn’t have access to until reaching a certain age, or however else it was structured.
Kids get survivor benefits through social security from each parent lost. My 8 year old son gets $900/mo. I'm sure it varies by... everything.