Is EI too shameful?
November 5, 2011 9:58 AM Subscribe
Work is ending next week, nothing lined up to follow. Should I go on EI or is that too shameful/irresponsible for someone of an upper middle class background?
posted by anonymous to work & money (19 answers total)
I've been working for a television production company for about 18 months, I love it and they love me, but there's no work there now. I've been promised work there in the future, but obviously I can't depend or live on promises, so I'm going to have to find something else.
Is it reasonable for me to go on EI (Employment Insurance, Ontario Canada)? If I am careful with my last paycheques, I should be able to make it until January (including that month's rent) before dipping into my savings. After that though i would probably burn through them in a few months. I have about 5K in savings, less than 1K in debt, rent is 1K/month.
I am not super worried about finding a new job, for the last few years whenever I've needed to find employment I've been able to do so fairly quickly. Before that though there was a period of a few months of unemployment which was pretty depressing though.
EI would provide a good financial buffer until I find something else or things pick up at my current company, but it also feels really shameful to me. Also, during my previous unemployment period, a nosy aunt suggested it and everyone reacted with horror. I am sure my parents would loan me all the money I need if needed, my mother has assured me I will never go homeless. However, they are traveling for the next several months so may not really be an option. Plus I already owe them a bit for helping with a move last year, and am very hesitant to ask for more.
Any thoughts? What do I need to know about EI in Ontario if I do go down this road?