Unclaimed Money Still Growing In Government Coffers Nationwide

What do all fifty states and the federal government have in common? If you said money problems, you would be correct. This money problem doesn’t have anything to do with budgets or fiscal cliffs, however. Instead, we are dealing with unclaimed money on a massive scale nationwide. Until we find a solution, this unclaimed money problem will continue to worsen, placing the states and the fed in even more of a predicament.

What is Unclaimed Money?

All across the nation, regular Americans are missing money that should be in their bank accounts, pockets and under their bed cushions. This unclaimed money comes from bank accounts that may have been abandoned, insurance payouts that were never received, wages that were never collected and utility and rental deposits that were never returned.

When this money goes missing, it ends up being sent back to the state or the federal government for safe keeping. The states or fed can’t use this unclaimed money. Instead, they must hold onto it until the rightful owners come forward. Some states have used the unclaimed money to make investments with, but some citizens are suing various states for using their money without permission. All in all, this is putting undue strain on state and federal treasury officials and that means something needs to be done about this problem sooner rather than later.

Why Is Unclaimed Money a Problem?

Some might think, that it’s a good thing to have large sums of unclaimed money laying around. The problem is that this money can’t be used by the government or the people it belongs to. Instead, it just sits there, uncirculated and thus the economy suffers as a result. These same people, who don’t see the problem or who are not even aware of it, do not realize that it costs money to keep track of these funds. It also takes time out of other peoples jobs to not only track these types of accounts but also maintain them.

On the other hand, if we could get everyone to come forward and claim what they are owed, we might be able to eradicate this problem and help the economy in one fell swoop. To search for unclaimed money, simply use your first and last name in the text boxes provided. If you have money available, you will soon know about it. You can help the government and the economy by searching and claiming what’s yours. What are you waiting for? Search for unclaimed money today.