Earning More Money on Unemployment Than What You Previously Made? 3 Reasons to Go Back to Work Anyway
As of May 2020, more than 20 million Americans were unemployed, and we can thank COVID-19 for that. Thankfully, those without an income from work are generally entitled to unemployment benefits provided they weren't fired for cause, and right now, those benefits are exceptionally lucrative.
Thanks to the CARES Act, which was passed in late March to provide COVID-19 relief, workers on unemployment are entitled to a $600 weekly boost on top of the benefit they'd normally qualify for. This means that someone who'd normally get $400 a week based on previous earnings should now be collecting $1,000 a week instead. In fact, a lot of low-wage workers are actually earning more money on unemployment today than they made at their previous jobs -- a scenario that some lawmakers feel will discourage Americans from returning to work when the opportunity presents itself.
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Source Fool.com
