More than 2,000 millionaires claimed unemployment - WLTZ 38 | Columbus Georgia Regional News & Community

More than 2,000 millionaires claimed unemployment

Posted: Updated:

(CNN) - Think unemployment benefits are just for those trying to make ends meet?  Think again.

According to a Congressional Research Service report millionaires are collecting a check too.

In 2008, at the height of the recession, 2,840 millionaires received unemployment insurance benefits.

In 2009, over 2,300 millionaires received unemployment according to income reported to the IRS.
On average, unemployed millionaires collected just over $11,000, or about 37 weeks of unemployment benefits.

How could this happen?  

Well, despite attempts by the House and Senate, neither has successfully passed legislation limiting millionaires from collecting unemployment insurance benefits.  

According to the study, cutting these benefits would save the country $20 million over the next decade.  

Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WLTZ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.