Student Loans - Should You Still Collect Unemployment Benefits If a New Job Offer Pays Less?

Should You Still Collect Unemployment Benefits If a New Job Offer Pays Less?

That’s a question that bears asking in a very iffy economy.  Say for example, you collect unemployment benefits of $15 per hour, but a new job as a bill collector only pays about $11 per hour.  It does make sense to continue with the unemployed help than to accept the offer and lose your benefits.  But of course, the choice is not as black and white as that.

Depending on the state they are living in, retrenched workers usually collect unemployment benefits for six months although federal assistance can extend unemployed help in case of loss of a job to as much as two years. Considering studies that it takes about eight months for a worker to find a new job in America, two years is still a very long time.  Don’t forget, unemployment benefits do not come out of thin air, they come from the shrinking pockets of fellow Americans. […]