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Finance Allah Shmoop What are unemployment benefits Well a century

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ago and you lost your job This is what happened

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to you then this and then this Well the government

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decided that America was better than this and that there

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should be a shock absorber in the personal economies of

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individuals when they were fired And yes sometimes employees did

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such a lousy job at work They deserve to get

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fired But other times cos downsized into higher divisions so

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employees who are at no fault of their own were

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fired And other times injuries illness and other factors played

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a role in turning this guy into this guy So

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the U S Government created an unemployment benefit system that

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filtered through out the country And it was a kind

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of buffer when an employee went from earning a grand

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a week Teo nothing Unemployment benefits comprise a few things

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Well first there's the money And in order for there

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to be money in the till somewhere too Hey for

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that unemployment benefit system the US introduced attacks that basically

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socks away money for the future with certainty that well

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at some point a whole lot of people will be

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unemployed and appreciate the buffer It's a fair question to

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ask What about the people who were planners plotters preparers

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for a rainy day But why do you tax those

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people so that they then pay for workers who got

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fired and weren't disciplined enough to save their own damn

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money Well it's kind of the price you pay for

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being a superpower So yeah the US does have freeloaders

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criminals leeches on the system lazy people and bad workers

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But we have so many more of the good egg

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kind of people that we can at least as faras

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today goes afford TTO have a generous unemployment system So

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how does one actually qualify for unemployment benefits Well usually

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you have to have lived in your state for at

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least a year before collecting them and typically you have

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to show that you're continually actively seeking employment and not

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just binging Handmaid's tale on your sofa And often you

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have to show that you were laid off through no

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fault of your own Like if you were fired from

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RVs for throwing four pounds of roast beef at the

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head of a customer No you'll probably need to look

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into you know Plan B i e soliciting your family

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for alone instead of hoping unemployment covers Yeah And well

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don't expect the benefits to allow you to continue your

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existing quality of life Generally even if you do qualify

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for benefits well you'll get about a third or after

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our last of your old salary So you're less likely

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to end up on easy street with unemployment benefits than 00:02:29.25 --> [endTime] you are to end up on the streets

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