Top 10 Countries with the Best Unemployment Benefits

Being jobless can be very stressful, most especially when you have dependents. But in some countries, being unemployed isn’t that scary because of the assistance the government provides. Let’s take a look at the countries that give the best help to people without jobs.

What are unemployment benefits?

Unemployment benefits refer to monetary assistance from the government to individuals who lose their jobs. Through unemployment benefits, such people are sustained concerning food, housing, and such until their employment is regained.

Technicalities in Measuring the Benefits

We use the net replacement rate. It shows how much of a person’s old salary they get from the government when they’re out of work. The higher the percentage, the better the benefits.

The Top 10 Countries

#1. Luxembourg

Average wage: 86% of the old wage

Minimum wage: 94% of the old wage

Wow, in Luxemburg, people who lost their work are really well taken care of!

#2. Bulgaria

Average and the minimum wage: 77% of the old wage

Bulgaria sure knows how to be fair to all its unemployed people: the state pays a really lovely sum of previous pay.

#3. Portugal

Average wage: 75% of the old wage

– Low-wage workers get 73%

Portugal rigidly caters to the needs of all its classes of working, and its plans are similar altogether.

#4. Switzerland

– The unemployed get 74% of the former wage

The country seems robust enough in providing a safety net for its unemployed citizens for one complete year.

#5. Netherlands

– Average wage earners get 70% of their old salary

– Minimum wage earners get 67%

The Netherlands not only helps out the jobless but has one of the highest minimum wages of industrialized nations.

#6. France

– Average wage earners get 68% of their old salary

– Minimum wage earners get 72%

France kicks in a little extra for those who made less money to begin with and lost their job.

#7. Germany

– Average earners receive 59% of their old salary

– Minimum wage workers receive 75%

Germany really takes care of its lower earning unemployed citizens.

#8. Belgium

– Average wage earners receive 59% of their old salary

– Minimum wage earners receive 69%

It’s much like Germany, where you see increased coverage in those making less.

#9. Norway

– All unemployed receive 63% of their old salary

It is a country with a defined level of support for all its unemployed people.

#10. Denmark

– Not mentioned in the original text, but Denmark has well reputably a strong social-support system.

Important Points

– Normally, 12 months

– The rates quoted are for singles not having the children

– There can be a various kind of benefits applicable for families, and single people with the children.

– These benefits often include help with housing costs, too

Remember, when you are out of work, a good safety net can help reduce stress and buy time for the best new job. These countries understand this and try to take care of their citizens in times of distress.