Massachusetts Millionaires Collected Over $1Million in Unemployment Benefits

Massachusetts – According to a report published by Greg Ryan, Law & Money Reporter for the Boston Business Journal, nearly 160 millionaires collected approximately $1.6 million in unemployment benefits in 2014.

In Massachusetts, and many other states, there are not income restrictions in place for collecting unemployment benefits. Any person who has paid into the system can take advantage of the benefits when needed, as long as the details surrounding their separation from employment meet the state’s qualifications for receiving such benefits.

All attempts to bar millionaires from collecting unemployment benefits, at the federal level, have failed to survive Congress.