Hi everyone, this is Dr. Nitin Chhoda with Ignition Time,
and welcome to my channel. In this video
I'll give you the latest status
of the $300 a week
unemployment extension that was set up
by the President's executive orders
through the Lost Wages Assistance Program.
This is essentially money that's
going from FEMA through the DRF fund,
the disaster relief fund, and then being
sent out to the states by way of grants.
And then the states are distributing
this money to residents.
As of yesterday, August 29,
FEMA announced that the lost wages grant had
indeed been approved for Minnesota,
Florida and Hawaii.
These are the three states that have
been just approved for this grant.
Again, Minnesota, Florida and Hawaii
were approved on August 29.
Prior to that, several
states were approved.
And at this point in time,
more than half the states across
the country have been approved.
I'll give you a list of all the states
that have been approved so far.
In addition to Minnesota,
Florida and Hawaii that were approved
yesterday, the other approvals are
Wyoming, Oregon, West Virginia, Ohio,
Virginia, Maine, Arkansas, Connecticut,
Pennsylvania, Washington.
Some of these states actually
initially didn't want to apply.
Pennsylvania is one of them
and New York is another.
But then they ended up applying
and getting approved for the grant.
So back to the list.
Connecticut, Pennsylvania, Washington,
New Hampshire, New York, Alaska,
by the way, Alaska said that they could
take almost two months
to get the money out.
So if you're a resident of Alaska and if
you have any new information, type it
out into the comment section below.
So we have New York, Alaska, Georgia,
Vermont, Mississippi, Tennessee,
Rhode Island, Massachusetts, Alabama,
California, Indiana, North Carolina,
Texas, Kentucky, Michigan,
Maryland, Idaho, Oklahoma, Montana,
Colorado, Missouri, Utah, Arizona,
Iowa, Louisiana and New Mexico.
By the way, everybody in Louisiana, I hope
I hope you're safe and I hope that
things are OK for you after the hurricane.
So that's where things stand right now
with the Lost Wages Assistance Program.
Everyone now
in terms of when the payments are going
to go out in each state,
we do have some updated guidelines.
Just to be clear,
more than half the states have indeed
begun paying of the three
hundred dollar weekly benefit.
Some states are in the process of applying
to FEMA, while others have declined any
extra unemployment benefit,
such as South Dakota.
So where things stand right now is
that several states have indeed been
approved and some states are essentially
pending approval at this point in time.
So I'm going to give you some updated
status as far as when the money is going
to start going out for specific states.
But first, let me give you a sense
of which states are paying out, how much.
The enhanced unemployment benefit is
$300 a week for the following
states, Alabama, Alaska, Arizona,
Arkansas, California, Colorado,
Connecticut, Delaware, Florida, Hawaii,
Idaho, Illinois, Indiana,
Iowa, Louisiana and Maine.
And Kansas and Kentucky have said
that they'll pay out the full
$400 a week benefits.
So that is something worth noting, though,
in terms of when states are going
to start paying out the benefits.
Here's the latest information that we have
in terms of when the states are actually
going to start paying of the benefits
Alabama, these benefits would start to get
paid out in the middle of September.
Now, again, this is this is
the latest information that we have.
If you if you do want to help our
community, then in the comments section
below Gwent and let us know what your
state has said and whether you've started
getting the three hundred dollars a week
or the four hundred dollars a week.
This way we can all help each
other as a community, as a family.
Also, before I get into this,
I did do another detailed video on how we
can overcome our dependence
on unemployment benefits and on stimulus
checks, because in the end,
I think at some point we need to overcome
our dependence on this once
the dust settles on all of this.
So I did put together a deal with you
and I would recommend that you
check out that we do.
I think you'll find it very,
very beneficial.
You'll see a lot of comments from our
community suggesting that that video was
very beneficial on how we can overcome our
dependence on the government,
on unemployment benefits,
on stimulus checks in the future.
So let's get started.
Alabama said they'd start paying out
benefits in the middle of September.
Alaska said that they'd start paying out
benefits in the middle to late October.
Arizona already started
paying out benefits.
Residents in Arizona actually
started getting benefits last week.
So Arizona, in fact,
was the first state to start paying
of the three hundred dollars a week
enhanced unemployment benefit.
Arkansas has said
that they are weeks away.
That's the latest information we have.
California said that they'll start being
on benefits on the 7th of September,
which is right around a week
from the time I'm recording this video.
Colorado has said mid-September,
Connecticut, mid-September.
Delaware has said that they have
yet to make an announcement.
Hawaii, we don't have any information
in Idaho to be announced.
Illinois, we don't have any
specific information yet.
Indiana, mid-September, Iowa to.
He announced Kansas,
we don't have any information yet,
Kentucky, early September,
probably in the next week or so,
Louisiana, Louisiana did
indeed start being Louisiana.
What followed Arizona and starting to play
out those three hundred dollar
benefits and Maine is to be announced.
So that's where things stand right now.
Let's see.
We do have a few more actually.
Let's see, Mississippi,
mid-September, Massachusetts,
Michigan to be announced, Missouri
and Montana at the time I'm recording this
video, it appears have already started
being both Missouri and Montana have
already started being the benefit.
The booster
from the Lost Wages Assistance Program
from the president's executive order,
Nevada, four to six weeks after they get
FEMA approval, New Hampshire,
early September, which means right around
a week from the time I'm recording this
video, New Mexico, mid September,
North Dakota yet to be announced,
Ohio mid to late September,
which is almost a month from today.
From the time I'm recording this video.
And by that time,
this money is actually going to run out.
Rhode Island, mid-September, Oklahoma,
Oregon and Pennsylvania to be announced,
South Carolina to be announced.
South Dakota will not play,
like I mentioned earlier,
Tennessee to be announced.
Texas has also already started being
the three hundred dollar weekly benefits.
Utah said that they'll announce
mid-September,
start being on mid September excuse me,
and Vermont, Virginia, Washington,
West Virginia, Wisconsin and Wyoming.
We do not have a confirmed date yet.
Now, keep in mind,
while Tennessee does not have a confirmed
date, when payments will start going out,
then to see that their goal was to start
that said that their goal was to start
sending out payments
on the 2nd of September.
And do keep in mind that if there is
a consensus
between the Democrats and between
the administration, then Congress will be
able to pass federal unemployment
extension and then that money will flow
through much more seamlessly through
the existing federal unemployment system,
through the existing system that was used
for the six hundred dollars a week
boost and that be much faster.
That's not going to be
like the Lost Wages Assistance Program,
which is each state has to submit
an application to FEMA, get approved,
get the grant complied with the program,
set up a separate program,
and then start distributing the money
to individuals who qualify for it.
As you probably know,
individuals have to get more than hundred
dollars a week in state unemployment
benefits to be able to get these funds.
And on top of that,
that additional certification requirements
and that additional requirements to make
sure that you continue getting the funds.
There may also be work such requirements.
I have done another video
on the certification requirements,
essentially meaning that you have
to certify and again,
this depends on your state.
So please check with your state.
But you do have to certify that you lost
your job as a result of the pandemic
in order to be able to continue getting
the three hundred dollars a week.
And there could be work such requirements
in your state
indicating that you're continuing to look
for a job certifying and letting the state
know that you are looking for a job.
And these were not requirements
with the six hundred dollars a week
federal boost under the CARE Act,
primarily because that was set up
at the time when the pandemic was just
hitting the country in March and April.
And so those requirements were essentially
more easy to comply with, if you will.
There were not a whole lot
of requirements,
but this the three hundred dollars a week
does come with some fine print
and does come with some requirements.
So definitely make sure that you certify
properly, make sure that if there are work
requirements, you do comply with those
work requirements so that you will you
submit the accurate information,
the truthful information,
and so that you are eligible for the three
hundred dollar week benefit if
if indeed you are eligible.
So keep in mind that once Congress does
indeed pass the stimulus package,
then then that that will override
the existing three hundred dollar week
lost wages assistance program
that is currently set up.
And this entire program will then get
replaced by whatever Congress sets up.
So do keep that in mind.
Now, keep in mind also that FEMA is adding
additional states on a daily basis.
So we will provide you with the link
to the FEMA website
in the description below.
So definitely make sure you check
that out so you know about your state.
Also in other news,
just so that we are clear.
California is about to send out and like I
mentioned earlier,
California is going to start sending
out the benefits in a week or so.
California is about to send out the three
hundred dollar weekly unemployment bonus
payments, and it'll include
payments going back to August 1st.
So this is good news for residents
in the state of California.
California will begin sending out three
hundred dollars a week in supplemental
unemployment benefits
on the 7th of September.
Now that the state's application for four
point five billion dollars in aid
from FEMA has been approved,
these weekly three hundred dollar payments
should cover about 85 percent of the
average worker's wage in California.
And again, Congress is still deadlocked.
There will be retroactive benefits going
back to the 1st of August because this was
actually stipulated by the
president's executive order.
However, there's only forty four
billion dollars in the fund.
And once that money is exhausted, then
at that point in time,
the president will either have to.
Come up with another workaround,
which I think is unlikely
because in a way you're going to get
the forms from one number to the president
is going to have to go to Congress
and say, hey, I need the money,
please pass the stimulus.
In fact,
I do believe
that the Lost Wages Assistance Program was
a way for the administration to buy
time until a deal could be worked out.
But right now, there is no consensus
at all about a particular deal.
That's where things stand right now.
Everybody, I hope this was beneficial.
And if you have any questions, please type
them out into the comments section below.
I appreciate interacting
with the community and I think we can
help each other in the community.
My goal with my viewers, my subscribers,
is to guide you past this and beat you
about personal finance,
teach you about investing,
teach you about starting a business,
teach you how to manage your money,
how to get out of debt so that you can
live a life of financial independence
if you don't know anything about me.
My name is Dr.
Nitin Chhoda.
I live the American Dream.
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