Title: Could Your Unemployment Benefits Run Out Before New Stimulus Aid Is Passed?
Headings: Could Your Unemployment Benefits Run Out Before New Stimulus Aid Is Passed?
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Could Your Unemployment Benefits Run Out Before New Stimulus Aid Is Passed?
How long do regular unemployment benefits last?
What happens when regular unemployment benefits run out?
What extended unemployment benefits are available?
What if I’m self-employed but have lost income due to the pandemic?
How long will extended benefits be available?
What happens after federal benefits programs expire?
Who is most at risk of running out of benefits?
Different states offer benefits for different lengths of time
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Content: That means both the Pandemic Emergency Unemployment Compensation program and the Pandemic Unemployment Assistance program benefits will expire by year’s end. What happens after federal benefits programs expire? That’s what a lot of policy makers and economists are worrying about. In a recent paper, economists from the Center on Budget and Policy Priorities said the number of weeks of unemployment benefits available to workers who’ve lost their income may not be enough to protect millions from running out of benefits while unemployment is still high. By early next year, if no additional aid is put into place, it’s likely that millions of people will have exhausted their benefits before finding work, the center predicts. Who is most at risk of running out of benefits? Without additional stimulus aid, people who became unemployed in October, November, and December 2019 and remained jobless will exhaust all benefits in the fall and early winter this year, the CBPP economists note. Unemployed workers who began to receive PUA based on weeks of joblessness before the end of March will also exhaust their 39 weeks before the end of this year. And the program expires at the end of December anyway, so no one will be able to receive these benefits in 2021 without additional legislation. Different states offer benefits for different lengths of time
By law, states that provide fewer than 26 weeks of regular unemployment benefits must also offer fewer weeks of extended benefits than are allowed in other states.