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Millionaires' Jobless Benefits: Nearly 2,400 Millionaires Got Unemployment Benefits in 2009, New Reports Prove

Almost 2,400 of those who received unemployment insurance in 2009 lived in homes with an annual income of $1 million or more, according to a new report.

By Shiryn Ghermezian, EnStars on Oct 03, 2012 01:46 PM EDT
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An unemployment line in Athens
(Photo : Reuters)

Almost 2,400 of those who received unemployment insurance in 2009 lived in homes with an annual income of $1 million or more, according to the Congressional Research Service.

Statistics now prove that 2,362 people lived in millionaire homes and represented 0.02 percent of the 11.3 million U.S. citizens that reported unemployment insurance income in 2009.

Additionally, more than 1,000 of the 2,362 that received unemployment benefits had a household income of $1.5 million in 2009, according to ABC News.

The report revealing the statistics was titled "Receipt of Unemployment Insurance by Higher-Income Unemployed Workers."

"It sounds scandalous when you hear that millionaires are going to collect unemployment insurance," Bill Frenzel, former Republican member of Congress, told ABC News. "On the other hand, millionaires get unemployed too and have made payments into the unemployment insurance."

During the second quarter of 2012, more than 4.6 million people filed unemployment claims, during the same time that lawmakers are trying to cope with a $1.1. trillion deficit for the fiscal year that ended on Sept. 30 and a unemployment rate at 8.1 percent, according to Yahoo.

Politicians most probably feel doped based on the report's new findings, especially since many of them funded extensions of benefits for up to 99 weeks in light of the bad economy Americans are struggling with, according to the news source.

"Sending millionaires unemployment checks is a case study in out-of-control spending.  Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt," Republican Senator Tom Coburn said in a statement.

Ironically, this new information has surfaced right around the time of the presidential debates between Barack Obama and Mitt Romney. Will they perhaps address this unemployment scandal in their televised appearances?

Watch the debate for yourself, with its first session taking place on Oct. 3. 

© 2015 Enstarz, All rights reserved. Do not reproduce without permission.


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