| ||Some people scam the system to get jobless benefits they don't deserve. But far more don't claim the benefits for which they are eligible, according to research by economists working with the Federal Reserve Bank of St. Louis. In 2009, for example, the federal and state governments paid almost $121 billion in unemployment insurance, including $11 billion in overpayments. If everyone eligible for jobless benefits that year had claimed them, the program would've had to shell out an additional $108 billion, according to an article by Concordia University economist David Fuller, St. Louis Fed economist B. Ravikumar and Texas A&M University economics professor Yuzhe Zhang.
Read the rest of the story HERE:
Roberta Seldon is the blogger at Security and Sustainability Forum, a website that provides free online seminars and useful information related to corporate sustainability, national security and climate change. Roberta Seldon is also a volunteer (more...
|The views expressed herein are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.