Having multiple jobs is often touted as a way to get ahead.
During the coronavirus pandemic, not so much.
That’s because laid-off workers with side gigs may receive a lot less money from unemployment benefits because government systems are not able to process different sources of income.
The coronavirus pandemic has led to staggering unemployment that’s lasted for months. There are currently roughly 23 million Americans claiming unemployment benefits through all programs as of Oct. 3, according to the Labor Department.
In March, the CARES Act expanded eligibility for unemployment insurance, including gig workers, freelancers and independent contractors, as well as people who had lost income due to the pandemic. The program established for these workers, called Pandemic Unemployment Assistance, currently has 10.2 million Americans claiming benefits. Read more via CNBC