topic Re: $ 500.00 bonus in Community Chat

$ 500.00 bonus

Purplenails — Thu, 07 May 2020 20:26:09 GMT

Is it true people who are receiving unemployment are also getting $ 500. Extra every week if that's the case I wish I was unemployed. If that's true who made this to take effect that is totally not right when their are people who need food. Your better of to lose a job.

Re: $ 500.00 bonus

hopi — Thu, 07 May 2020 20:26:40 GMT

Re: $ 500.00 bonus

catter70 — Thu, 07 May 2020 20:36:29 GMT

I think it's true, but an extra $600.00. It's part of the stimulus package for those unemployed.

Re: $ 500.00 bonus

Mom2Dogs — Thu, 07 May 2020 20:36:49 GMT

@Purplenails ..It's $600.00 a week, not $500.00.

I don't think's its better to lose a job in order to get the extra money. While I am not pleased with that decision by our government, it is what it is.

I am still waiting on a stimulus check and assistance for my small business....my state as of today still does not have the web site set up.

Re: $ 500.00 bonus

Moonlady — Thu, 07 May 2020 20:36:52 GMT

@Purplenails

There's no "bonus." However, as part of the economic impact relief package, those who lost their jobs due to pandemic closures, and who are receiving unemployment, are also getting an additional $600 per week until the end of July.

Re: $ 500.00 bonus

FrostyBabe1 — Thu, 07 May 2020 20:37:39 GMT

No, the additional boost from the federal government is $600 per week, in addition to whatever one gets from their state.

Re: $ 500.00 bonus

happycat — Thu, 07 May 2020 20:41:38 GMT

@Moonlady wrote:
@Purplenails

There's no "bonus." However, as part of the economic impact relief package, those who lost their jobs due to pandemic closures, and who are receiving unemployment, are also getting an additional $600 per week until the end of July.

I think the essential workers who work with the public should get just as much extra. This doesn't seem fair to me.

Re: $ 500.00 bonus

gizmogal — Thu, 07 May 2020 20:47:57 GMT

It's not $500, it's $600 added to the normal state unemployment benefit for whatever state someone claims and qualifies in.

Many articles explaining this. Because unemployment benefits tend to be very low paying from state to state, the CARES Act tries to supplement those benefits for a short term to get people on their feet until they can get back to work.

read a few articles.

https://www.nerdwallet.com/blog/finance/money/coronavirus-spending-bill-expands-unemployment-what-you-need-to-know/

https://www.vox.com/2020/4/3/21199689/how-to-get-coronavirus-unemployment-insurance-furlough

https://www.nytimes.com/interactive/2020/04/23/business/economy/unemployment-benefits-stimulus-coronavirus.html

It's not in place forever, it's just a booster to help folks who are so far behind from being out of work, they can get an extra supplement so debt is not insurmountable. Helping people out of work in a public health emergency is not a handout. It's a way to sustain families short-term.

Re: $ 500.00 bonus

Mindy D — Thu, 07 May 2020 20:49:22 GMT

The federal government is adding $600 per week to those receiving state unemployment benefits.

Re: $ 500.00 bonus

Lipstickdiva — Thu, 07 May 2020 20:54:49 GMT

In case you didn't understand, it's $600.00 extra.

Re: $ 500.00 bonus

Moonlady — Thu, 07 May 2020 21:05:54 GMT

@happycat

Well, I neither wrote nor signed the law...

And there are a lot of ideas being tossed around to compensate "essential" workers, from an extra $1920 per month, to a one-time, $25,000 bonus.

Re: $ 500.00 bonus

grandma2pkmh — Thu, 07 May 2020 21:00:39 GMT

And it is taxable, I hope people realize this before they spend too much.

Re: $ 500.00 bonus

JaneMarple — Thu, 07 May 2020 21:02:15 GMT

I feel another argument brewing.

Re: $ 500.00 bonus

Kachina624 — Thu, 07 May 2020 21:03:17 GMT

Having been in the business, IMO this stimulus business in regard to unemployment is way overly generous. Some people are making more than when they worked. Needless to say, they won't be in any rush to end their taxpayer subsidized vacations. Not everyone is suffering.

Re: $ 500.00 bonus

Moonlady — Thu, 07 May 2020 21:05:10 GMT

@gizmogal

While it's true that states' unemployment benefits represent only a part of one's lost wages, the ones who hold the purse strings nixed requiring states' UI to cover the full wages ,(fair enough), in favor of the additional $600 per week (Santa Claus).

Re: $ 500.00 bonus

SusieQ_2 — Thu, 07 May 2020 21:05:54 GMT

@Purplenails wrote:
Is it true people who are receiving unemployment are also getting $ 500. Extra every week if that's the case I wish I was unemployed. If that's true who made this to take effect that is totally not right when their are people who need food. Your better of to lose a job.

That would depend on how much you value you job and how easy or difficult it would be to get a new one once unemployment and the stimulus runs out. It's short term (not sure how long, a few months?) and when it runs out those people will be left bringing in nothing until they can find work again.

Re: $ 500.00 bonus

suzyQ3 — Thu, 07 May 2020 21:06:54 GMT

I think it's perfectly appropriate. It's not exactly a bonanza, and it will not be permanent as long as the virus is not permanently wreaking havoc.

Re: $ 500.00 bonus

tansy — Thu, 07 May 2020 21:07:20 GMT

Some states have made it extremely difficult to even apply for unemployment benefits.

Re: $ 500.00 bonus

Moonlady — Thu, 07 May 2020 21:08:41 GMT

@Purplenails

I get your point, but most people want to provide for themselves, and get back to work.

Re: $ 500.00 bonus

JaneMarple — Thu, 07 May 2020 21:08:54 GMT

@Kachina624 wrote:
Having been in the business, IMO this stimulus business in regard to unemployment is way overly generous. Some people are making more than when they worked. Needless to say, they won't be in any rush to end their taxpayer subsidized vacations. Not everyone is suffering.

I beg to differ @Kachina624 , where I live we depend on tourism. Hotels, restaurants, beaches, summer rentals, the ferries, daily tour buses and shopping. Many businesses depend on this money to survive the rest of the year.

The coffee shops, bike rentals and novelty stores are closed forever because of lost revenue.