Watches & Warnings Warnings
7 Day Forecast 7 Day Forecast
Temperatures 7 Day Forecast

Unemployment benefits could end for many before Christmas

POSTED: Wednesday, December 1, 2010 - 4:07pm
UPDATED: Friday, April 13, 2012 - 9:53am

WACO -- Unemployment benefits could start to run out for millions of Americans this week after Congress failed to pass an extension..

The loss of benefits is leaving some worried they have nothing to fall back on.

"A lot of the times, even though when people are on unemployment, it's not even enough to survive off of, but, in the meantime, it's all that people have," Artie Chavez told Fox 44.

Benefits were extended to 93 weeks in Texas, but that number will start going down today if Congress doesn't pass an extension. Some economists say extending the benefits will discourage some unemployed workers to look for work. McLennan Community College Economists, Professor Brooks WIlson says the chances of that are small.

"That incentive is real, but when the economy is as bad as it is now, with 9.6 percent unemployment, people would rather get the job, have the security and peace of mind knowing they have something when their benefits runout," said Wilson.

The average unemployment check is half of your previous income. Making the average benefit check around $1,200 a month.

Without that money, some economists say it could hurt economic growth by taking away money those people could have spent.

 

News

Comments News Comments

Post new Comment