Key Details About Filing for Unemployment Benefits


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Are there any downsides to filing for unemployment benefits?

There are apparent advantages to claiming unemployment benefits, but are there drawbacks? If so, what are they?

Dec 27, 2024 | Sarah Walker, Los Angeles, California
Answer
Mark Fitzpatrick
Head of Insurance, MoneyGeekUpdated December 27, 2024

The advantages of claiming unemployment benefits are that it can help individuals cover their costs while looking for new employment. However, there can be drawbacks to claiming unemployment benefits, such as the fact that it can lengthen the time it takes to find new employment. Additionally, claiming unemployment benefits can sometimes make individuals feel stigmatized or like they are not trying hard enough to find new employment.