Millionaires Collected Unemployment During Recession

954,000 homes making income over $100,000 and a few thousand millionaires are among those who collected unemployment benefits in 2009.


Unemployment benefits aren’t just for the working class, Bloomberg reports:

The 2,362 people in millionaire homes represent 0.02 percent of the 11.3 million U.S. tax filers who reported unemployment insurance income in 2009, according to the August report. Another 954,000 households earning more than $100,000 during the worst economic downturn since the Great Depression also reported receiving unemployment benefits.

Those numbers come from a new Congressional research report, which notes eliminating those benefits for millionaires would save $20 million over 10 years. “1.1 million people exhausted their jobless benefits during the second quarter of 2012,” Bloomberg adds.

Stacy Johnson

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