By Lauren Swanson
KWCH 12 Eyewitness News
11:54 AM CDT, October 3, 2012
Unemployment benefits aren't just for people trying to make ends meet. A new report finds millionaires are collecting checks too.
According to the Congressional Research Service, 2,840 millionaires collected unemployment insurance benefits in 2008, at the height of the recession. In 2009, that number dropped to about 2,300.
The report looks at unemployment claims and annual incomes reported to the IRS. On average, millionaires who were unemployed collected about 37 weeks of benefits totaling just over $11,000.
Lawmakers have proposed legislation to put income caps on unemployment insurance benefits, but none of those proposals have been adopted. The study estimates cutting those benefits would save the country about $20 million over the next ten years.
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