Earlier quoted context omitted.
It's pretty paltry in the US. You can't take social security until 65 (I think it's 67 now). You get unemployment but it's administered at the state level and in most states it caps out at under $800 a month, but it's been a while. A moderate mortgage is twice that. Also, we get our health benefits from companies and not the government, so as soon as you are laid off, all your health benefits are no longer paid by th…
>>You get unemployment but it's administered at the state level and in most states it caps out at under $800 a month, but it's been a while. My state is 50% of your pay upto ~$1,500 a month, this seems to be about the average, i can find no state that under $800, the lowest is Mississippi coming in at $940 http://www.savingtoinvest.com/maximum-weekly-unemployment-be... > A moderate mortgage is twice that. That depend…
has the actual maximum weekly benefit numbers...yes, Mississippi is the lowest at a maximum of $235/w. Benefits are usually for up to 26 weeks (some states are less.)
Note though--
1. This is the max state benefit you can receive. Roughly speaking, If you earned less than 104 times that the prior year you will get less.
2. They can deduct/delay benefits if you are receiving severance (depends on the state)
3. If you earn anything (get a part-time job, or some contract work,) while receiving benefits, that will be deducted. (Exactly how depends on the state).
4. You don't get benefits if you resigned or were fired for cause.
5. You have to be actively seeking work (so no vacation to recharge your batteries after being laid off....they can and do check travel records.)
6. Job search costs and paying for the full costs of healthcare is usually in excess of what you will get in State benefits.