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Millionaires collecting unemployment

More than 2,000 American millionaires collected unemployment in 2009. The system has no income limits.

You don’t have to need the benefit to qualify: in 2009, 2,362 American millionaires collected unemployment. Nearly one million Americans reporting at least a six-figure income ($100,000+) also got jobless benefits. Such recipients accounted for 8.4 percent of all unemployment compensation filers in 2009. On the other hand, unemployment benefit recipients who earned less than $100,000 totaled about 10.3 million (10,290,362) Americans in 2009.

Check out our video for more, then look below under “What Do Others Say?” for a roundup of views on how America copes with high unemployment.

What do others say?

  • : Center on Budget and Policy Priorities: “It’s the Great Recession, not the great vacation, that’s responsible for high unemployment” More

  • : Heritage Foundation: “Improving labor market calls for reducing unemployment insurance duration” More

  • : New York Times: “The Ethicist: Friends with benefits” More

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