The Pros and Cons of Unemployment Benefits

The Pros and Cons of Unemployment Benefits

Introduction

The unemployment benefits system is a vital part of our economic system. It provides an important source of income for those who have lost their jobs, helping to provide stability and security in difficult times. Unemployment benefits are often under attack by people who feel that it will make the unemployed less employable, or that it is being abused by those receiving them. Nevertheless, the unemployment benefits system is one pillar of our social safety net which helps protect all members of society against misfortune and hard times.

Here are some pros and cons to help you understand how this program works and what its effects might be on your life.

The Pros

Unemployment benefits can provide a form of financial stability

Unemployment benefits can provide a much-needed form of financial stability for those who have lost their jobs. Unemployment benefits help people meet their basic needs and keep them from slipping under the poverty line so that they don’t negatively impact other family members.

In addition to providing a much-needed form of financial stability, unemployment benefits also give people the opportunity to search for work without fear of losing a source of income. The biggest pro of unemployment benefits is that it is an effective safety net that provides relief.

Unemployment benefits can be used to take care of your bills and buy groceries

Unemployment benefits can be used to take care of your bills and buy groceries. If you’re out of work, the unemployment benefits will help provide a safety net for your family and ensure that you are able to make ends meet without having to go into debt. 

When you have to provide for yourself and your family, it can be very stressful. The money that you receive from unemployment benefits will help ease this stress because the money will help you make ends meet without having to worry about how you’re going to pay your bills, whether or not there’s enough money for groceries, if your power is going this month or anything else.

You don’t have to worry about the unemployment office being too far from where you live or work

When you are unemployed, you don’t want to spend a lot of time commuting to the unemployment office. Fortunately, most unemployment offices are close by to where you live.  This is ideal for those who are looking to avoid spending money on gas as much as possible. In the modern era, unemployment benefits can be handled entirely online. This can also avoid the embarrassment of having to explain why you are filing for unemployment.

The Perks of Being a Student

If you’re a student, unemployment will give you time to focus on school without having to worry about how much money is coming in every month. If your parents are paying for your college tuition, then they will understand if you can’t help them out financially while you’re going through unemployment.  If they aren’t paying for it, then this year’s unemployment benefits will help offset the costs of college tuition that might otherwise come from loans or personal finances. Unemployment benefits are also one way to work on improving your skills and knowledge in preparation for future employment.

The Cons

It can make someone less employable

Unemployment benefits can make someone less employable.  There are various reasons that this could happen, for example, one of the main concerns is that many people do not want to take advantage of these benefits because they feel that it will make them less employable.

When people are applying for jobs, they often feel that accepting unemployment benefits is a sign of work-shyness. Employers may even say things like ‘don’t bother applying’ or ‘we do not employ those who are on the dole’. Once again it perpetuates the stigma surrounding unemployment benefits which can make someone less employable as no one wants to be associated with a ‘job seeker’ on their CV.

There is also the fact that many people feel that they are losing out either because they have been searching for jobs for so long and do not want to take any benefits from the government, or they say things like ‘I am just too proud to take it (the dole)’ and so on. Both these attitudes mean that it will be much more difficult to get back into work once again, as by turning down the dole you are accepting defeat and if you honestly feel that unemployment benefits are a weak form of income then why would an employer take you on?

People may not want to take advantage of these benefits because they feel like they won’t need the money as much if they find another job soon

There are some people that may not want to take advantage of these benefits for a number of reasons. For example, some people have a strong work ethic and feel like they should find a job rather than take the dole. Other people might think that unemployment is a sign of laziness or that they’re entitled to such benefits as they have been looking for work for so long and don’t want to give up just yet.

Some people might also feel comfortable enough financially that they don’t need the money. They may be able to get a job soon, so they don’t think this is necessary. Unfortunately, this mindset can make someone less employable because employers will think it’s a sign of laziness or entitlement, when in reality it is just a sign of financial stability.

So, unemployment benefits are ideal for those who can’t afford to live off their savings but don’t need the ‘perks’ associated with working full-time. However, if you really want to get out of this vicious cycle and find work faster then look into what your state’s requirements for unemployment benefits are. Make sure that you fully understand what eligibility means because if not, you could end up wasting a lot of time and money. If once you get out of this loop then make sure that you follow some tips to ensure that employers might consider your application so you can finally get the job that is right for you.

The unemployed person is at risk for becoming isolated from society and depression can set in

The unemployed person is at risk of becoming isolated from society. Unemployment can result in the person’s relationships being limited to friends and family who are employed or who are also unemployed. Some people may be able to cope with this so well that they don’t mind, but others may want more out of life. Those who become isolated are at a greater risk of depression, and some studies have even shown that those who are unemployed have higher rates of suicide than employed people.

Unemployment Benefits can lead to a lack of drive to bettering yourself

The truth is that unemployment benefits can lead to a lack of drive to better oneself. People are accustomed to living off the government these days, so they may feel like it’s not necessary for them to find a job. Although there can be a lot of pressure on people who have been unemployed for some time, as well as friends and family, it’s important that people do their best to provide for themselves. If someone wants to make more money then they need to look into different work opportunities–not just jobs they are qualified for but jobs that they would enjoy doing. There has also been research done that suggests that when people find work after being unemployed, or even better, start out in employment with no prior experience, they have an improved work ethic and are more likely to stay in employment.

At the end of the day, unemployment is never a good thing for anyone. If you have been struggling to find work then it’s important that you seek help from your local job centre or even from friends and family so that you can get back into work as soon as possible. It can be hard to be unemployed, but there are better things out in the world than food stamps and unemployment benefits!

Unemployment is never a good thing. Although unemployment benefits can help you get back on your feet faster by giving you an income if you’ve lost yours, it isn’t always easy to find work once again.

Conclusion

Unemployment benefits are a valuable source of income for those who have lost their jobs. The pros of unemployment benefits are that it can provide financial stability and the cons are that many people do not want to take advantage, feeling they will be less employable. It is important to understand what eligibility means when looking into these types of payments so you don’t waste time or money in this vicious cycle. If once you get out then make sure to follow some tips about how employers might consider your application so you can finally find work at an employer where your skills match with the position available. At the end of day, unemployment is never good but there are better things than food stamps and unemployment benefits!

Responses

Your email address will not be published. Required fields are marked *

Welcome to Hustly

Grow with confidence

OR

By continuing, you agree to Hustly’s Terms of Service, Privacy Policy. Already a member? Log in.

Sign In

Grow with confidence

OR

By continuing, you agree to Hustly’s Terms of Service, Privacy Policy.

Don’t have an account? Sign up

© 2021 All Rights Reserved,  Hustly, LLC

Start a Discussion

Hustly’s Success Network Forums The Pros and Cons of Unemployment Benefits

Your information:

Cancel

Advertiser Disclosure

At Hustly Invest (HustlyInvest.com), we care about your goals and want to see you achieve greatness. We pride ourselves on providing you the right guidance to make effective decisions. Considering that this website is free, people often ask how we make money. The short answer is, our partners pay us a commission as compensation for our recommendations. 

HustlyInvest.com and its affiliates are paid a commission on a per sale or lead basis for all of the credit card offers displayed on this website. Often, we will list credit card offers that we are not paid any commission for. HustlyInvest.com offers affiliate programs to affiliates who are also paid commissions to promote the credit card offerings listed. The content is not provided nor commissioned by the company whose products are featured on the site (“Advertiser”). Any opinions, analyses, reviews or evaluations provided by our team members are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser’s affiliate programs.