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2,362 Millionaires Received Unemployment

August 15, 2012 by  

2,362 Millionaires Received Unemployment
PHOTOS.COM
On average, millionaires received $8,806 in unemployment in 2009.

A report released by the Congressional Research Service reveals that 2,362 millionaires received unemployment benefits in 2009. In total, the unemployed millionaires collected more than $20 million in benefits. The report came out Aug. 2 and is based on data made available by the Internal Revenue Service.

According to the report, 2,840 millionaires received unemployment benefits in 2008. That number decreased to 2,632 in 2009. Although the number of millionaires receiving benefits decreased in 2009, the overall amount they received increased. In 2008, the government spent $18.6 million taking care of millionaires. In 2009, the amount rose to $20.8 million.

On average, millionaires received $8,806 in unemployment benefits in 2009.

The report also uncovered that 120,227 people who made between $200,000 and $500,000 received unemployment benefits.

The Congressional Research Service observes, “the DOL [Department of Labor] requires that states pay compensation for unemployment to all eligible beneficiaries regardless of their income level because individual or household income would not be considered to impact the fact or cause of unemployment.”

Bryan Nash

Staff writer Bryan Nash has devoted much of his life to searching for the truth behind the lies that the masses never question. He is currently pursuing a Master's of Divinity and is the author of The Messiah's Misfits, Things Unseen and The Backpack Guide to Surviving the University. He has also been a regular contributor to the magazine Biblical Insights.

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