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Nobody knows why unemployed people aren't collecting their money

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Unemployed people have more unclaimed benefits this past month than any other point this millennium.  

CashAccording to The Money Charity, there has been a sharp decline in the amount of unemployed people claiming their Jobseeker’s Allowance while looking for work.

Usually this drop would be positive news; implying that more people are getting jobs. However, while the unemployment rate has indeed fallen from 2.7 million to 1.7 million since 2011, the decrease in the claimant count comes from the lack of unemployed people claiming the benefits they are entitled to.

In 2000, 69% of people who were out of work claimed Jobseekers’ Allowance, and by 2012 this had fallen to 60%. In November of last year, only 34% of unemployed people were claiming overall.

Regarding these data, Michelle Highman, the CEO of the Money Charity says: “It is great news that more people are finding work. If you’re newly in employment, you have the opportunity to take control of your life and finances and we wish you well. But we at The Money Charity worry that many unemployed people are not accessing the financial help they are entitled to in some of the hardest times in their lives”




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