I'm Making More Unemployed Than I Was Working!
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- Опубликовано: 28 авг 2024
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The Dave Ramsey Show Dave I need help, I have a 4 year old collections debt at 3,300. I have 5,000 saved do I settle it? What would be the steps in settling. I know you’ve done videos before but I’m wondering can I settle to get it removed.
@@dominiquejolly7781 debts like that can typically be settled, give them a call and try to pay it down at a lower price through financial hardship etc. If youre okay spending rhe money to get rid of the debt persue it and get rid of it
@@dominiquejolly7781 Definitely call the collections agency, prepared with what you're going to say, and try to settle the $3,300 in debt. If the collection agency won't settle for less, go ahead and pay the $3,300 out of your $5,000 in good faith. Then, start your next or continue your Baby Step!
@@dominiquejolly7781 typically you can settle depending on the debt and how long it is outstanding. Feel free to reach out to me if you need more help.
David Georgia: Personal Finance I have a couple other questions, do you have an email I can reach you at?
This just exposes that something is fundamentally wrong. Wages should be higher than what you could make on unemployment. That gives people incentive to work rather than be on unemployment.
steven salazar you do realize the extra $600 is a temporary thing, right?
or the unemployment benefits are too high?
Just wait until this expires. People will be scrambling to get back to work.
Well the extra 600 is kinda just for covid
0x4rkØ It’s not.
I feel like such a sucker working hard to make less than unemployed people
I don't blame you. That feeling you have is exactly why communism doesn't work. People need to be incentivized to do more than others. Here we have the opposite.
Marcus J. Stay working. Those people don’t realize that money will be taken away from them very soon. It’s better to earn your money than wait for a handout.
Marcus J Exactly!!
It all ends in July... Don't worry. Be thankful you have a job right now. Companies will realize they can do more for less and these same people making "more" unemployed will have a VERY hard time finding a job come August... ;) You are the smart one!
Get ready for universal basic income.
Everyone is saying unemployment benefits are too high but I'm over here saying wages are too low.
sid hoobert unemployment is based on a percentage of your wage plus 600 as I understand it. So the case you are making doesn’t make much sense.
According to basic economics, your wage is directly correlated to the demand for your labor. If your skillset is more desirable, you will get a higher wage. If your labor is easily replaced, you will not receive a high wage.
Matt M expect for the fact the wages have not compensated for inflation.
Bryan Mendoza The real median household income has been on an upward trend for decades.
Wages are as low as your replicability is high.
I’m an essential worker and my sister is making what I make in 2 weeks in a week. So I’m like wow how are people getting more for unemployment than the essential workers. I get no type of hazard pay or anything
Shout out to EDP445
I'm an essential worker as well. People are killing it on unemployment. And many people need to understand that not everyone makes over $90K per year. Reality is that most of America makes between $25K-$40K.
Dave Ramsey caters to the 'American Dream' people who are milking it in Real Estate and Sales jobs.
The real people are keeping this country going. I do HVAC fabrication, and we are the ones maintaining a pulse for the American economy.
You're all welcome.
IGT yeah I’m an emergency crew worker for occupations. I wear different hats at my job so I’m working as more than one person
Yup healthcare worker here. Same thing.
Unionize
was half asleep listening until Chris's voice woke me up lol
That was funny!
😂😂😭
He is Chris "The Voice" Hogan, y'all!
😂😂🤣😂🤣
Prob lots of women will crash their cars when he is talking
I know someone who’s hours were cut 8 hours a week. He is able to get unemployment for the 8 hours, because of that, he is racking in that 600 a week on top of his pay and the day of unemployment supplement. Meanwhile my daughter who is a CNA and full time student is barely making over minimum wage, working through this exposing herself and her family. Most definitely a broken system!
When I was a CNA, I was making $13.10 per hour plus bonuses, and that was back in 2008. She needs to find a better facility when this is all said and done. If I got 2% each year, I would be making $16.61 per hour plus bonuses. I live in a low cost of living area, and we had fast food places paying upwards of $13.00 per hour starting before the pandemic.
Tawnya Muller awww im jealous. I take home $1500/week. Come August 1st they wont have that $600/week unemployment. I’ll still be taking home, well, $1500/wk.😭😭😭
@Tawyna Muller, that extra $600 dollars runs out on July 31st! Your daughter is in a better position then they are!
elmagnificodep unfortunately around here just above 13 an hour is the going rate, and the cost of living is high (not CA or NY high, but high non the less),it is just a stepping stone for her. When she is having a hard day I just remind her it will make her a better RN in the long run.
Sir We Are About to Die couldn’t agree with you more.
Dude Chris has the smoothest voice on the planet.
Adam Kuda I’ve never heard a voice that low 😄
He can do voice over work, for Tony The Tiger! He sounds GRREAT!LOL!
Voice of God voice
Nope that goes to Morgan Freeman.
I noticed a lot of people are making more on unemployment as of late. 600 extra bucks on top of that sure makes all the difference. I would like to see a bill that gives something extra to the people who have been working through all this despite the clear hazards they face daily. Just my opinion though.
They definitely need to do something for our essential people for sure. They don't have the luxury of hunkering down like the rest of us and they should be rewarded for their efforts.
Good morning the RUclipsr meetkevin posted a video reacting to new proposed govt check bill
And some jobs aren't even giving hazard pay. I work in the kitchen at a hospital and we are not getting any additional pay to our hourly.
@@lovesecretangels the whole hospital?
The fed sent a stimulus to EVERYONE who filed a tax return. I’d rather be working.
The cohost should do voice acting and commercials.
This is exactly what EVERYONE have been saying, I'm an essential workers, we only received $3 increase on our hourly wage and it will be taken back after this crisis. It's Discouraging
@Zap Brannigan yet the cost of living keeps rising
Be appreciative. Ima essential worker. I didnt receive any wage increase.
At least you got a 3 dollar increase. As a cna I got hours cut and no pay raise.
I’m getting $2/hr raise and half the hours. It sucks.
Lucky, we're so called "essential" no hazard pay or raise here.
I am able to continue working from home, so my paycheque continues. The crazy thing is that my expenses have dropped from not having to travel into work, but more importantly my wife isn't in the stores. More money to invest at the end of the month.
Same here. Public transport is expensive in my area. Now I'm taking the money I would've spent on my daily commute and using it to pay down my federal student loan more quickly (bonus because all of my payments go directly to the principal balance until November) and set aside money just in case.
And you don't eat out.
Yes exactly. I’m in the same siutation. Goal is to keep the low spending once things return to “normal”. All discipline from now on
💀💀💀 I’m glad you’re saving, meanwhile other women are spending crazy amounts in luxury bags like Chanel or LV online because they can’t stand the lockdown and are bored lolololol I feel for those husbands.
Being home all day adds expenses of light, water and food
Chris needs to be a voice actor for a super hero or villain.
It’s funny that people act like this is a permanent source of income. Don’t get used to that kind of money, the bubble will burst soon. That’s a promise.
The Hawk the government WILL find a way to make it go away if they think people are just “riding” it out.
David Cote. July 31st to be exact. I’m thankful my company is essential. When COVID19 broke out, I stepped my game up while other employees planned on ways of trying to get fired so they can get the extra 600/week. I’m getting promoted to a supervisor position next week. Now the economy is starting to open back up and those same employees are in the doghouse, begging to get back into their supervisors good graces. COVID19 was a good wake up call for everyone. It separated the weak from the strong.
Jobs are not a permanent source of income either though...
The Hawk yeah, I know, July 31st but that doesn’t matter, they will make it stop the more they can open stuff back up. Ohio has a way of tattling on people who don’t take their jobs back and calling it a “voluntary separation” and cutting both state and federal unemployment at the same time. People need to stop counting this as “income” because it WILL end. The job search over the summer will be NUTS!!!
David Cote. Very true Sir.
I’ll take long term job security over temporary extra cash
Very few people have "long term job security" in any case
I personally don't think job security is a real thing in the privet sector.
The unemployment rate, will be up to 30 percent soon that, includes people who thought they, had job security.
Andrew Deutsch except it isn’t actually 30 since a ton of people are only temporarily laid off. We have no idea how many are permanently unemployed
Exactly this.
This extra $600 is temporary. Only until end of July. In August it's back to normal unemployment wages that people paid for with their paychecks when they were employed.
These aren't handouts. You pay for this in each Paycheck.
I like how Dave will immediately tell people how to exploit every opportunity without judgement.
What a gorgeous voice Chris Hogan has.
I was just thinking that.
Autotune
@None Of your Business what a brilliant thought.
Someone needs to tell the producer to lower the intro music... it always covers up the first part either the caller says or what Dave says. Do you not watch these?!?
larry bowers 😂 Lol. I was just saying that!
Why does everyone complain about this? I can hear him perfectly fine.
It's very tame compared to watching a marvel movie
I always think this! Thank you for saying something
larry bowers also WAY too loud. So obnoxious
"successfully collecting unemployment" I laughed at that 🤣🤣
He said he gets 275, he's probably in Florida, he IS lucky to be successful in collecting
Why is that funny? In the past almost all of the self-employed have been ineligible for unemployment benefits.
I collect 4,500 a month being on Unemployment.
@@leigh3251 the word successfully before it is funny 🤣 Just say collecting unemployment.
I applied for unemployment benefits in 1980 and had to fight for it. In my state the unemployment system is designed to deny benefits as much as possible and to discourage people every step of the way. The employees at the unemployment office were just plain mean. Depending on where one lives it can be difficult to successfully collect unemployment benefits.
People wouldn't be hurting so much if wages were higher...9.00 an hour just doesn't cut it anymore...Ridiculous
“Money that is told what to do does better than money that runs wild.” I replayed that one a few times!
You know, sort of like men.
Rebecca B k
Wow! So many people are upset that people like me are collecting unemployment for a few months. I’ve been at my current job for 20 years. I didn’t ask to be out of work but I’ll take a few months off before I do my next 20.
If there is something to go back to. Most ppl will not have a job to go back to after this temporary income diminishes
Aidil Very true. 👍🏽
I agree sis, even though I haven’t stopped working throughout this pandemic and most people who are unemployed make more than me as I work, I’m still happy that you all get to enjoy having disposable income, even if it’s temporary m. I’m not a hater, enjoy sis 😉
Im sorry to hear that 🤣
To each their own my friend. So does my family members are on the same boat as you. You can do it. But not everyone has the same situation. Some people abuse and ruin it for others, while there are people with needs
We planned this year to pay all of our bills 1 year in advance, with the help of the stimulus check we have done that. We're done completely, I'm not saying it's a blessing because of the virus, but we have NEVER been financially stable until we were made to stay home and stop spending.
Good to hear, but most of america won't learn from this, just like they didn't learn from the recession. as soon as this is over people will be stupid again with their money and go out and eat every night etc..
@@RhinoXpress I couldn't agree more. It's gonna be a long time before people calm down about he way they shop and about where they go because they were once told to stay home.
Oh it's probably going to be worse than before. Watch as soon as things open up people are just going spend like crazy, because they've been deprived from spending these past few months like they normally do, especially in bars or restaurants. Business will be booming in those places once they open back up.
Why would you and how would you pay bills in advanced? Why would you want to be on the wrong side of the time value of money unless they discount you. 😔
@@UnknownUnknown-tu3be We payed our house payment 1 year in advance, and all of our bills that we can not live without. Lights, Car insurance, phones, and Internet. We're not on the wrong side. We have a baby coming in July, and are fully prepared in every aspect of that. His regular pay check is coming in and we're using that to have a security, so that for the first time he can have his 6 weeks with one of our 4 kids. We were discounted on our internet and car insurance. I think it's a win win situation for us and the companies. They know we're paid and on time and we're living in a stress free environment while to world is going crazy.
I have to chime in here, as I'm a small business owner (video production company/photography). I am a single mom to 3 kiddos. I was supposed to celebrate my 10 year work anniversary this year, but...COVID. My job is more seasonal as I do tons of events, especially weddings. Coming into 2020, i had a fully booked schedule, then bam! Currently, all of my events from April-September and 1 event in October have canceled or rescheduled to 2021. When covid is over, I still won't have work. I can tell you that this PUA is NEEDED! This will help me keep a roof over my kids' heads and provide some kind of "stability" during this unforeseen time. I'm NOT abusing this and appreciate the assistance during this unforeseen time.
I also believe that "essential workers" should hands down, get hazard pay!
Same with us! I was in-between job so I filed for unemployment since my start date got pushed out. My hubby is an essential employee and we made about $8200 in the month of April between the stimulus check, unemployment and his salary
I am a phlebotomist. I swab patients for Covid. I am literally essential. I make about a quarter of what I would if I were on unemployment. My coworkers keep bragging about how much their husbands are making by not going to work, meanwhile my baby still cries every time I have to leave her. I am putting myself and my family in danger for peanuts. Meanwhile, the government is treating the unemployed like they're the real heros.
Oh Well well then go back to school and advance your education. You’re already a phlebotomist so getting into something like nursing or Pharmacy. Stop playing the victim
😭😭😭😭😭😭😭
I had a feeling this video was coming.
PYTexan lol me too
Me too lol
I really want to talk with these two guys one day. I’m 19 and I’m been hearing Dave since 18 thanks God I’m been doing everything he says and I know I’m been doing good. Thanks to Dave Ramsey
That's awesome!
I wish I knew Dave when I was 18, so I could avoid so many stupid financially mistakes. I am 29 now with no debt and also some savings. I think I could have been better if I knew him earlier in my life.
@@fantastic180 I'm 51 and just started listening....you are beyond blessed to know him now! You'll be thankful in 20 years!!
Edgar Ledee rosado. You’re ahead of your time young man!
@Beyond Tribalism you are awesome. Jealous
It’s kind of messed up cause I’m still working 55 hours a week still and I know some people that are making more than me off their unemployment due to the extra 600 a week..
Same in Canada. One person I heard of was a teen making 400 a month. They got laid off and now get 2k a month
I’m getting 4,500 a month on unemployment. Playing the PS4,watching Netflix life’s good right now lol
ImVeryBrad I don’t understand why the unemployment rate is any different now
This world is so far gone it blows my mind
Welcome to the decay of socialism.
Im working at Ups doing their Hvac... and i hear all the truck drivers saying that they are busy as if it was the holiday season. Because people are at home buying things online. Smh. It's gone be sad when they money runs out
My best friend's baby mom spent $400 of the stimulus check on hair bows for her baby so she can take new Instagram pictures. They are on welfare and can barely afford the rent payment each month and have to ask their parents for food.
My sister got 🤰... The third one in 6 years.. Not married, family doesn't know by whom this time either.. I'm thru... I'll console over the phone, but ain't no money coming out of my pocket
I’m still working full time but making less than a lot of people on unemployment. I have 5 kids and somehow it feels like a bad mistake to be working when I could make more being laid off. But yesterday I read Proverbs 13:11 and it encouraged me. “Wealth gotten by vanity shall be diminished: but he that gathereth by labor shall increase.” I’m just going to trust in God’s Word on this.
Amen
I think when unemployment ends in July they should give all essential workers a tax break till 2021
*2025
Lol 😂 sounds fair
We know that ain't never gonna happen.
Let's keep this in perspective. Unemployment compensation used to be 60% of what you actually earning as a worker. Now they've essentially raise unemployment rate to 120% of what you were making. Problem with this is the covid-19 employment stimulus runs out on July 31st.
Yup! Too many people are gonna get comfortable with that type of income on UI and are going to derail their finances and blow it watch.
The extra isn't permanent. As well, good advice without condemnation from Dave and Chris.
People don’t realize they will be required to report this unemployment income from the state and federal as income on their 2020 state and federal income taxes. They better save at least 15% of it to pay their state and federal taxes next year. Nothing in life is totally free.
peeudo speaking as someone who’s making more on unemployment than when I was working (and I wasn’t low-wage, either), we realize that. I’m making about 150% what I was before, so I’m still making more even after I set aside the taxes.
Lovely_Day You can have taxes taken out of your unemployment benefits the same as your paycheck and you won’t owe anything at tax time. My state asks when applying would you like tax withheld. You can opt in or out.
Thank god it’s not permanent
@@micdonmusic It may vary state by state, but where I am, you can only opt to have 10% withheld (which is not enough), and even that is opt-in. You have to seek out the form yourself, then mail it in. Most people probably are going to get a surprise at tax time.
This caller’s situation happens more often than we all think. I’m in the recruiting field and there was a situation where a candidate was offered a full time job with benefits and holiday pay, and remote from home temporarily until covid gets resolved, but the candidate didn’t want to start until July because he was getting more from unemployment benefits than the wage he was offered. So he wanted to start in the next several months, but the manager had a need for him to start at least within 2-3 weeks. Candidate and manager came to an impasse about start date.... let’s just say the guy wouldn’t give up the temporary benefits for a full time permanent position. And people want to cry about how they don’t have a job and unemployment rate is the highest it’s been since the Great Depression. I was floored that the guy turned down the job. This is what our tax dollars are paying for. 🤨
A recruiter that actually cares about what his recruitees, give me a break. You want that commission and signing bonus money and thats it. All you see is an application not a person. You dont care if they got sick, or if someone in their house got sick, or what they got going in their lives. All you care about is hitting your quota, reaching for your bonuses, and using other people for personal gain. I'm not even sure what you do even counts as real work. I advise people to find their own jobs than use these crooks who do little us then what you can do for yourself (aka moving papers).
As a recruiter you should report that person to unemployment. They will take his benefits away so fast! Haha! And then don’t hire him! I heard of people losing their unemployment from refusing to go back to work when their jobs called them back. Their managers reported them to unemployment and just like that they lost their unemployment.
Anyone that refuses to work from home needs their unemployment immediately pulled.
Wow this is crazy are you sure the man isn’t a high risk for getting virus?
So...you were offering that low of a salary?
I see a lot of people here talking about how unemployment is paying more than working than someone who is working.
This extra $600 isn't forever. It's a very temporary thing. Unless Congress extends it right now the extra $600 is set to expire July 31st. Then if nothing changes people will go back to normal pay. This extra unemployment is meant to help keep up with rent, medical expenses, and food.
It's good on this guy to get some money advice as to not get used to the extra $600 cause those who do will face harsh reality when it concludes.
Also unemployment is not forever. In Maryland you usually can only get it for 26 weeks.
Yes, that is true. But, it speaks more to the way that the politicians think that they haven't done anything at all for the essential workers that are taking on these risks in order to keep the system from collapsing completely.
I work 80 hours a pay period at a store to just barely break a 1k dollars when there are some that are now making that a week from home now I know I shouldn’t complain since I still have a stable job but I still think they should’ve done more for the people that had to stay working because it was an essential job and exposing themselves
agreed
Agreed the essential workers shld get hazard pay.
You should complain, it's a legit reason. Especially since that unemployed free money will eventually be paid back inflation or higher taxes or both.
Agree. I have a friend whose a truck driver and still delivering to grocery stores during this crisis but no bonus or hazard pay. Instead, his pay was cut because of the slowing down of the economy. He is an essential worker and this is how the essential workers get rewarded. So messed up.
You should change jobs. That’s terrible pay
I made $6,500 in the month of April (counting the stimulus) never made that a month in my life and I didnt work a day
@Sir We Are About to Die kentucky, but to be fair that was also counting my final work check for $700. My job gave us 2 weeks severance prior to being furloughed and I got that check April 2nd
It's possible to make even more!! Hope you're having taxes taken out!
@Sir We Are About to Die just saw my typo, meant to write $6,500 not $7,500
Good to see a Government working for its people.....people like Dave should pay more in taxes so common folk can have the basics in life taken care of for them. I mean Jesus was a socialist after all and Dave sees himself as a man of the Gosp surely he will agree.
I’ve been making 4,500 past 3 months lol
i listen many Dave Ramsey show on you tube now I came up w the conclusion that Americans are getting smarter .. Congratulations to many ... Thanks to Dave for helping many of us.
Problem in America. Everyone is shouting “selfish” or “irresponsible” to those who want to go back to normal. A lot of people are secretly enjoying the stay home stimulus money. Not claiming this man is doing this. Just an observation on America
As a person who has been working steadily through the pandemic doing residential construction, it *is* idiotic to go back to business as usual so soon. Fortunately, it probably won't be business as usual for a while longer. Maybe we'll get a few months break before it comes back swinging for the winter season and we have to shut down again
Dirty Mustard you’re a fool. Scared of nothing. Every month shut down, is 6-8 month recovery. We have turned 3.3% unemployment to 14.5%. This country will be in turmoil if we keep this up. 10x the Great Depression. Use your head, and stop thinking through fear
My sister told me about a guy that told his employer that he wasnt coming back to work when they called him with the date the resturant will open, BECAUSE he made more in unemployment. So, Yeah there's folks that are gonna milk it for sure.
I put away the stimulus check plus any extra money I don’t need in saving. I lost my job in March so now my goal is to sock away as much as I can in case
Better start looking for work
The extra $600 is only for 4 months. After that it will go back down to normal, THEN people will start freaking out again and wanting to work
Mellow they dont see the “later”, only the “now”
No then the people will want a mortgage rent freeze....Medicare for all when someone they know gets covid....and some form of UBI because 1200 didn't do Jack in the long run.
I never hear anyone people talking about why didn’t you have a 3-6 month emergency fund to begin with.
How much money is 3-6 month of emergency money? I think that’s too much for some people to save. Specially with all the bills and high cost of living.
If you’re on unemployment making more than when working then your employer calls you back to work and you say no thank you making more staying home. You suddenly are not qualified for unemployment. If you continue to collect unemployment it’s fraud.
What if you just don’t answer your phone?
Why so corporate greed can flourish off the sweat of our brows?
You can say you are worried about contracting Coronavirus.
@Leather Purse Skin As it says in the Bible, "hatest thou not the player, hatest thou the game"
@@MarcillaSmith omg this is so funny bro. 🤣🤣🤣🤣🤣🤣🤣
I am in the uk and in the same position. I work in London and my 80% furlough salary means I take home more a month now I am not commuting by train and spending hundreds per month. No motivation to return to work.
The Hooded Claw
The orange man is not in the UK
@@fastfeets2695 we have our own clown Boris!
so is that just cash or include healthm
I had a business owner tell me man to man recently that he’s going to struggle to reopen because the employees he had to furlough make more not working ..North Carolina here
@Sir We Are About to Die so the numbers just won't add up for business owners. you are making 600 dollars on top of unemployment from the state also I live Charlotte and everyone wears masks and no-one that doesn't have too wants to risk their life to go to work.
He probably does not have to sign for their UC. If they refuse to return to work, he should report that to the unemployment office so that he will not have to pay extra.
Krassimir Petrov so hire people that WANT to work.
@Sir We Are About to Die you financially can't do that under most businesses. Consumers won't pay 3x multiplier on something just because you decide to pay your employees a living wage
@Sir We Are About to Die Not in every state. Where I live, an employer can fire an employee for any reason. Any business not buying into a new program can fire at will, and employees who are re-hired are not eligible for UC under any circumstances.
be sure to find ways (volunteer etc..) to keep your skills current and/or use your time to build new skills! DO NOT waste your precious time on TV and other time wasters. Please!
No matter how many times I watch Chris’s boom always gets me at first
I usually make 2000 every 2 weeks after taxes now my hours have drop and I’m making about 900 every 2 weeks, and I can’t apply for unemployment because I still work the minimum 40 hours a week. People on UI making more lol
yeah but they will end up paying more in taxes.... that money ain't free
leadnsteel
Still though, even if it was high taxes like 100$ out of that 600, its still a 500 dollar profit.
Every month
Wait until your your company furlough you or lay you off apply for UI.
Whats worse is that ppl such as yourself aren't included in unemployment numbers. Many ppl still employed are making a lot less now.
@@leadnsteel1428 No, us people who are still working are paying the taxes, while the unemployed get the benefits.
Doesn't this prove that the currency has no intrinsic value and can be printed forever? Also the minimum wage is suppressed in relation to real inflation?
It has some intrinsic value. Just not as much as we thought 6 months ago
Debt IS money and is printed forever and in turn money will need to be printed forever. When you get a mortgage the money that you will pay on that house doesnt currently exist.
Money seems to have no value until the day it has to be paid back or the day your investment has no value. I don't believe it can be printed forever, otherwise we would just print every person a million dollars a year and everyone would be happy. Zimbabwe did and now they have 100 trillion notes that have little value. When money has no intrinsic value, it also has no value.
Great caller. I think many folks are in this situation and are probably not being thoughtful about how to leverage the temporary "increase" in earnings. No better time to learn and ask questions.
I seriously hope the president does something about this. A lot of people are in this position currently and it's not fair at all.
Hello Hart maybe you haven’t noticed but life isn’t fair
If one considers that FICA taxes are not paid on it, the difference is even greater
Black Vito - Moneyology YOUR STATEMENT IS INCORRECT. FICA taxes are collected on unemployment. Medicare and Social Security taxes are not.
This equates to a 7.65% savings to the beneficiary. With a maximum benefit (varies by state) around lets say $600/wk, a filer with standard deduction, etc... instead of $525/wk take home (not including state income taxes, if applicable) beneficiaries will take home around $564.
Now ya know bro
2inchfromtheground FICA taxes are another name for SS and Medicare. They’re the same thing.
Now ya know bro
@@mitchgreen1652 thank you! 😁
@@2inchfromtheground depends
2inchfromtheground don’t be ignorant. If you don’t know what fica is don’t try to make a statement on it. FICA is social security and Medicare
I know its easy to look at those making more on unemployment and feel like its not fair but these are the poor/working class who make less than $50k a year...probably WAY less than that and for a SHORT time they can breath a little more easy without the stress and grind of living paycheck to paycheck. Save the outrage and judgement from those responsible for hoarding the wealth without any concern for others.
Exactly! I'm happy that these lower-wage earners can finally catch a break in life. I'm still working, and I'm happy with that because I know that my wage will be consistant. All these people are going to have to go back to struggling once this extra money ends.
Fair point. There's also some people, a few of my friends included, who are honestly lazy and unmotivated to work and increase their income themselves. They have 4 year degrees, are not disabled, put money in retirement, have huge beautiful homes, and were somehow qualifying for government aid even before the crisis. They have no plan or ideas to get out of their situation and don't want to hear what their options are. They don't need a break; they need to learn to manage their finances more wisely. I've lived in 3 countries and in general, there's a lot taken for granted here.
That part👏🏽👏🏽 people need to worry about their own finances smh
@@RachelDee you can't control what other people do, and everyone should not have to go without because of the actions of a few.
I see people saying that UBI would give people encouragement not to work. And I say that if somebody realizes that they can live their life on say 2K a month comfortably, good for them. That maybe frees up a job for somebody else, and allows them to do the things in life that make them happy.
People talk about work as if it's this great fulfilling thing that gives one's life purpose. I think for most people work is just a necessary evil. I know people that would much rather volunteer their time at animal shelters or things like that than to actually go suffer at a day job. Animal shelters and homeless shelters are always looking for volunteers, it's just tough to get them because people are working.
@@trailrunnah8886 what do you do when you run out of other people's money though? UBI has to be paid for by someone.. we already see in this situation how many people choose to be lazy instead of earning their money.
They are very nice people. They did not ask what kind of job he was doing before and did not make a long pause. Great people.
If the $875/week in benefits he's getting now is more than he normally makes, it may be time to look for an occupation that will provide a better living, or a good part-time job to help with his goals. Music may be fun and emotionally rewarding, but it's really tough to make a good living by just playing an instrument. And, it's even tougher to have a comfortable retirement.
That’s $46k a year. 875 a week, that’s way above average income per person. Not everybody can be a millionaire boomer like Dave.. I know people who make 30 who have mega savings and retirement funds
Just remember all good things come to a end...then what are you going to do?
@@FOTWC you are totally correct!
The end will be July 31st.
Great point. My thoughts. Why wait till unemployment money runs out. Continue to job search till you get something. I would not runout the money AND then look for a job.
I hope they do something worthwhile that money like put it towards an emergency fund, that emergency could be just around the corner......
It will end July 31st .
Chris Hogan makes me question my man voice
A lot of us
😂😂😂
My husband is making more on unemployment right now than at his old job where they recently closed due to focus. We both wish he would get his job back instead of unemployment. At least you get health insurance too.
That’s true. Save that extra money as a cushion if health issues do arise
Wow... money behaves better when it’s told what to do, than when it runs wild... Amazing thought! Chris your voice is ABSOLUTELY 🤟🏾
Coincidently the money I'm getting from unemployment is enough to pay off all my debts and fill up my emergency fund. I think I'll count my blessings and look for a better job. I hear transcriber jobs can be good.
after piling up this money, I would advise to find gigs and events that will pay more than unemployment. Now that he has tasted this mini raise, that will hopefully motivate him to find better paying opportunities.
I'm self employed as well, however I have office space overhead. I'm using about 1/2 of my monthly unemployment to cover business expenses so I don't get too far behind.
Thank you for the free every dollar app. it had helped me a lot calculating the saving and spending. i do not have to write a huge list on a paper.
Seems like there’s a guest in the studio every video SINCE the corona outbreak lol
ninja xjets I noticed that too. Literally every single episode lol
The coronavirus doesn't affect The Dave Ramsey Show.
It's probably to make better use of the people working is what I would like to say However everybody else is still recording show.
I imagine he's "auditioning" different co-hosts to gauge audience response to each (in the event he can no longer host the program).
In states that are opening, businesses are encouraged to report employees that are unwilling to return to work so their unemployment is cut. That’s already happening in the state of Georgia.
It's not encouraged, it's required. If I lied for an employee to stay on unemployment, I could lose my business license, or pay WAY WAY more in unemployment premiums. If people are offered their job back, but they want to stay on unemployment, they deserve to have it taken away..
Dexter Schray Then it’s time for you to become responsible for the risk to your employees health and the health of their families. If they are forced to come back to work, then you need to take precautions for their safety in response to the pandemic.
@@Blue_Newt_01 they have a choice to stay home if they like, but they surely won't be raising my unemployment rates if they choose to stay home. Im only following the guidelines set by the state, and not my feelings.
My son 16 year old son is getting unemployment from his summer job. Making triple the money. His job filed on his behalf
I had this situation in 2010 but I took a job for less than unemployment but I felt relieved because I didn't have to worry about the unemployment running out. I felt more in control of life and more productive also.
Remember, the extra $600 ends July 31st!
Thank god for unemployment and i hope everyone is safe and in good health and just doing what they need to do to be safe.
I love the voice of Dave’s co-worker
I’m actually in the same position! I hope I don’t get called back to work before they stop paying..
the unemployment makes no sense. every American should be receiving the 600/wk as a pandemic relief.
Why do essential workers that get to keep working deserve same as those who lost their jobs due to Covid?
@@tymom9313 tons of essential workers are making min. Wage risking their heath and families health. We should be rewarding them instead of making unemployment a better alternative.
Hence i said every1 to be fair.
The government basically made it unethical for employers to retain their workers.
@@FoolishInTheEnd UI is a short term alternative. Guess I'd rather "risk my health" and be thankful to have a job
@@tymom9313 you are entitled to your opinion
Been an avid musician in Tennessee for nearly 13 years- I've heard face-to-face from numerous Pros that have recorded on the biggest named records of country music that the industry straight up sucks. They need to branch out, take their creative ability a step further. Don't rely on the industry, but turn their talent into a business beyond the norm.
So, why isn't the discussion addressing why corporations are paying wages so low that people can work full-time and not be able to survive? Why are wages so low that people need a second and third job to pay the bills (even when NOT drowning in debt)? Why aren't they complaining about the companies paying workers a pittance with poor working conditions yet are making massive profits (Amazon anyone? Feedlots?) The issue isn't unemployment benefits - it's the ability of corporations to not pay living wages!
Whoa, the Music Man is back at it again!
Thanks for putting out some GREAT content recently!
Thank you for having Chris "The Voice" Hogan on the show again!
One of millions and now we see “real” unemployment rates over 20%! This is Great Depression levels...just wow
2008 was just the warm-up!
@@MBarberfan4life I agree...
Plandemic
Ppl do realize this is only till July right!? Ppl shouldn’t be celebrating
+$600 a week from april 1st to july 31st. To be qualified for unemployment you'll get an extra $200+/week from the state. That's $12,800 in 4 months @$800/week. INSANITY
That's a long time
Big Foot you’re not getting 2k a month. That won’t pass. Nice try though
Hard to say, since they are making some crazy proposal already
no need to be nasty, he said and knows it s temporary, no one asked for this btw. at least he is asking how to save it.
Thank you for the video Dave! I am happy for Kirby. I really hope he enjoys making closer to a living wage for a change. Many of us make way above what he does (and are still working), and even some of you still need Dave's classes to figure out how to pay debts. For one of the first times in US history, the poor are benefiting from legislation a smidge more than usual. This isn't the end of the US... it doesn't even balance the US... but it helps people stay angry at the poor instead of the concentration of wealth with individuals and corporations. Use and save the money wisely Kirby, because you will be back to a very low income once this is done and people forget. My job will stay constant and go up with my raise every year... we pay more taxes than most and Kirby can have a little extra.
Chris’s voice is ungodly satisfying
Imagine Chris and Dave being absolutely ripped.
Xs and Os 🤣🤣🤣🤣
We wouldn't pay attention to the message.😁
Implying they aren’t already
@@carlsonlee6217 They aren't!
Tickets please Guy...if you know you know
I never understood the reasoning for paying off my car before my house. The interest on my car loan is very low, and I opted for a 3 year loan as well. The interest and the balance on my house is much higher. I think it's more cost affective to pay my house down and just continue payments on my car.
Your car, unlike your house, is losing value. Going forward, he would recommend saving in order to buy cars in cash - no car payments.
Also, you can eliminate your current car payment much more quickly than your mortgage and use that extra money elsewhere.
@@Blitz513 I don't plan on selling my car, so depreciation doesn't really justify things for me. I drove a 98 civic for 13 years, until it started making me late for work. Then I bought my current car. I took out payments because I had no credit history and I wanted to buy a house. I followed my bank's recommendations. I could have purchased 4 brand new cars in cash (because I bought a honda not bmw), but credit history was the goal. Not to mention I needed a reliable car, as my old car kept making me late to work. I put 20% down on my home... So, I look at money in terms of time. If I put 10k on the principal of my house rather than pay off my car this year, I'd save myself so much more money in interest over the long term. That's the reason I am keeping the payments for now. I've made a plan to pay off my home in 8 years instead of 30, which is very easy for me to do even with a car payment.
Having a strong safety net for when the brown stuff hits the whirling blades prevent people from making bad decisions (payday loans etc) due to not having enough savings. When the temporarily unemployment ends, you have a strong foundation to get back on your feet.
This is a good thing.
Yet I took a pay cut, cut my own hours to try to save some of my employees. I’m making less than the employees that were furloughed only working 10hrs a week...why am I out there working my but off and I’m not getting any help but you get paid to stay home and make more than what you would normally get...????????
One of the many moral hazards of trying to centrally plan an economy. Eventually we will all be talking like the soviets. "we pretend to work and they pretend to pay us."
But without government, who will ignore the potholes?
Standing Breadline Bernard Lines
RUclips Veterinarian and yet it’s happening now with the current administration. Pretty apparent it doesn’t matter who is the president, it matters who funds them.
RUclips Veterinarian no, it’s a plandemic.
Smart part about my situation I got laid off for a month got the unemployment plus the 600 and worked part time and got the 600 because my hours were cut so now I’m going back full time because it’s only to July so it is what it is
Hi It's me so I have a question. I was called back to work and am starting this Monday after being furloughed for a month as well but I am going to be working around 30 hours a week as opposed to 40? Will I still collect unemployment for the 10 hours and will I still get the 600 as well like I was when I was furloughed.
Lovely_Day yes, when I checked it it says you could be eligible if your hours were cut so we will see.
Exactly what I did. I took all the extra money to my savings account, spent as little as possible and went back to work even if it means losing the extra $600. I don't know how the economy will look like after all this, but with 33M of unemployed people, many that couldn't fill for benefits, it looks like securing a job is the best decision in the long run and that extra cash will help me in case of a slow recovery. If everything goes well, then I'll pay my credit car debts in full
Maria Stamatakis you can check to see if you can get underemployment if your hours are cut.
Don’t forget people, the $600 unemployment bump ends at the end of July, after that it will be basic unemployment which isn’t much. Those who took jobs rather than unemployment will probably still be employed after everyone else moves from piles of cash from unemployment to barely getting by.
Glad you guys are on together , two heads are better than one. More videos like this!
This is precisely why the cash benefits should have been universal. The extra $600 should have gone to every American adult regardless of employment status. That way there's no perverse incentive to not work.
This is true. Some of my friends who are working in the restaurant industry are getting paid more they have ever got paid. I am en essential worker and want hazard pay but everyone looks at me weird.
jimmyboy1582 well i work a server in a fine dining spot in manhattan so it's still a downgrade for me.:/
Dave really helped this guy out. All that info on Tennessee he basically saved this guy's business with information and free ideas.
I’m an essential employee and I’m went from making $1800 to making $600 every 2 weeks, my wife was unemployed and getting the full benefit but now she’s force to go back to work making $400 every 2 weeks because the company lower her hrs! People need to stop complaining! That unemployment benefit was a blessing! Now both are working and will be looking at hard times ahead!!
RUclips what was wrong with the previous comment section layout??!!?!?? Absolutely nothing, if it isn’t broke don’t fix it 🙄
Exactly this is annoying
Right!!! I hate this new layout
"I'm not trying to be a billionaire" says the kid well on his way to be able to become one!
a colleague of mine from the track just put me on with this lady, Mary Wubker...he had a $40,000 investment to his portfolio with her and in 4 months he was able to net over $590,000 in profits amidst the bear stock period.
Experience beats hard work definitely not to "ability".. majority of the active investment managers can't regularly beat the market, when taking market volatility, inflation, fees and taxes into account (there are some exceptions, but those are few)
How can I reach out to her for financial advice, I need professional help on how to handle my funds in this threatening recession; what may turn out to be the great depression. can she help me? I have little or nothing left from my stock market investments, and 401k
@@lisabarnes8071
Almost certainly, yes. We have been in talks since February before the covid 19 really hit hard. Yet I see the good job she is doing on my portfolio. She is easily accessible online, her license and crd number is also available via her website. just google her name. she works with merril Lynch and is located in California, century city
@@drfrankhutchinson2031
what is the risk? I hope she replies me soon. I connected with her on LinkedIn too, these people are known to snub on social media but I am hopeful
@@henryrichards1686
she is quite the deal in century city among brokers, licensed with financial regulatory authorities. just look her up with her full name, mary jo wubker -all data you require to reach her is out there, maybe mention Frank Hutchinson when leaving her an email via her website to get her attention faster as I am sure she has other clients to attend to especially now.
@@drfrankhutchinson2031 I can tell Mary Wubker is profound from how you speak about her. I was skeptical but on viewing the detailed report on her website, seeing her experience and that she is licensed I was intrigued and left her a mail. I will wait for her reply till Monday, if she is as efficient she should reply
Some people are throwing their anger at the wrong person. Anybody who works for someone else isn't being paid enough. Wages have stagnated for decades. The anger should be thrown at the employers, not each other.
I've never been offered a job by an employee.. employers create jobs, employees just show up to do them. You want to make more money, you better find a way to make yourself more valuable. Doing the same job any countless millions of Americans can do doesn't earn you top wages..
Dexter Schray I’ve heard that “I’ve never been given a job by a poor guy” before and it’s shortsighted. The reason employers are capable of offering jobs is because the regular Joe spends money there. Walmart is Walmart because everybody shops there. It takes millions to make an economy, so yes, it’s because of the little guy there’s jobs to give.
@@muckymucks the regular Joe wouldn't have money to spend if it wasn't for the regular joes job..
Welfare warriors don't have enough money to keep an economy going, they're barely making it.. working people at least have funds to go out and spend money on more then groceries and rent.
Regular joe can go make an unlimited amount of money if he makes good choices and spends years working towards it.. if income was provided by mommy governent, there would always be a finite amount of money to be made.
Long story short, everyone suffers the same with socialism.
If you want to make more money, make yourself more valuable, don't just stand there with your hand out..
I signed up for Financial peace university. Right now I am struggling to pay medical debt, and it has gone to collections. I am going to call today to see if I can still work with the medical facility or if it is too late. I am super excited to start financial peace, so far it looks good, and I just ordered my workbook!
I think it's funny now Dave is co hosting in a time we're supposed to practice social distancing 😂
Invest, double or triple the amount and if it is a "government loan" you can repay the original amount and still be ahead of the game.
Wish I knew how too
Where?
Not me I been working 7 days a week and getting out of debt. Like dave says.
Holy moly, this caller is my old bud. Howdy, Kirbinator!