Nearly one-third of unemployment benefits owed to Americans haven't been paid yet

Treasury Department seal.
(Image credit: OLIVIER DOULIERY/AFP via Getty Images)

Over the course of the last three months, the Treasury Department has disbursed $146 billion in unemployment benefits to Americans who have lost their jobs as a result of the coronavirus pandemic, Bloomberg reports.

That's more than in all of 2009, when unemployment peaked following the financial crisis, but it's still reportedly only two-thirds of what's actually owed. The total bill, Bloomberg reports, should have reached $214 billion by now, which means millions of Americans have yet to receive their benefits.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.