subject: Many Unemployed Americans No Longer Receive Unemployment Checks [print this page] In whats likely to be interpreted as the newest in a string of negative developments for Americas long-term unemployed, the source of joblessness benefits appears to be drying out. Unemployment benefits contain a cut-off stage depending on how long the recipient has gone without employment. And at this point, a great number of Americans have been unemployed for so long that only 48 percent of them are still receiving joblessness benefits. This means that most out-of-work Americans have lost the economic safety net thats been keeping them afloat for so many months. This is unlikely to be welcome news, especially in a time when there dont seem to be too many new employment opportunities being offered.
Congress continues to be in talks to raise the period of time for getting unemployment benefits to ninety nine weeks in regions that are bearing the heaviest unemployment load. On the other hand, a substantial percentage of individuals have currently been jobless for for a longer period, which implies that they wont be affected anyway, and they nevertheless may not get joblessness benefits. This predicament means that the unemployed may quickly be putting a harsher strain on other social programs like food stamps. This might boost the pressure on the nations currently strained cash reserves, because the average length of joblessness for Americans is now 39 weeks.
Several jobless Americans who are seeing their joblessness benefits disappear may think about other possibilities for acquiring cash though theyre on the hunt for his or her next job. One solution for acquiring funds on short notice would be to take out a short term loan. Probably the most popular kind of short term loan is alternately referred to as either a payday loan or check advance loan. These forms of loans ordinarily call for the borrower to have a regular paycheck, since the loan needs to be paid back when the borrower receives their following paycheck. That makes payday loans prohibitive for most unemployed individuals considering that they cant anticipate a paycheck anytime soon.
For this reason, many individuals that are struggling with fiscal hardship may think about taking out vehicle title loans. Normally, the only prerequisite for acquiring a car or truck title loan is a title for any car or truck worth $4,000 or more. These types of loans normally come with short term repayment periods, but they could take approximately three years to repay. This really is why numerous unemployed borrowers may perhaps choose this type of loan, given that a relatively long repayment time period can give them time to seek out another career. Further information about title loans can be found on leading industry sites such as http://tfciloan.com and http://acartitleloan.com. Hopefully, as indicators seem to suggest that things are looking up for the economic system, most individuals might be able to seek out work before too long.
