Is there a formula based on your their past earnings or is it a set amount? Assume two children under the age of 18. Thanks.If your spouse dies and you have children how much money will you get from social security each month?
It is a formula based upon past earnings and years of work. To recieve anything there is a minimum amount of work that has to have been performed first in terms of calendar quarters of work. That number is pretty low I believe. Social Security sends a notice each year of how much money that would be.
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