67% of Jobless Workers Get More in Unemployment Than They Earned
The CARES Act made important changes to unemployment benefits to help better provide for workers suffering due to the COVID-19 pandemic. One provision gave an extra $600 per week in unemployment benefits on top of state maximums. This extra money is available through July 31 and, because of it, as many as two-thirds of workers are currently receiving more money than they earned while on the job.
This statistic comes from new research conducted by the Becker Friedman Institute for Economics at the University of Chicago, which also revealed that one in five workers is receiving at least double what they earned while working.
If you're one of the millions who have suddenly found themselves with more money than they had before they lost their jobs, there are three key things you'll want to do.
Source Fool.com
