Washington’s Unclaimed Money Issue

Washington is facing many problems, but there is one problem that isn’t widely talked about in the news. Washington’s unclaimed money issue is one that isn’t discussed out in the open. It’s not referred to at luncheons or parties. It’s talked about by officials behind closed doors and so far these officials are coming up blank. They just don’t know what to do about the millions and millions of dollars that are owed to regular Washington residents. Even some former Washington residents are owed this money. The problem isn’t the money that’s there, however. Washington’s unclaimed money issue is that the money continues to flow in and there are no signs of it ever slowing down.

Where Does Washington’s Unclaimed Money Issue Come From?

The unclaimed money issue stems from quite a few sources. First, there are those individuals who have deposits that haven’t been returned to them. They paid a rental deposit to a landlord or a utility deposit to the electric company or maybe they paid a cell phone deposit. Regardless of what type, the person never received the deposit back when service was cancelled.

Then there are those that never cashed the final paychecks after leaving a job. Yes, it happens. People leave money behind all the time and, before they know it, that money adds to Washington’s unclaimed money issue. How can people leave money behind like that? It usually happens because they move from one residence to the next.

Washington’s Unclaimed Money Issue Explained

The most common reason why people leave money behind and add to the growing Washington unclaimed money issue is because they move away and never report their forwarding address to the proper corporate or government entities. When a person moves, the final paycheck, that tax return check or any other monies that may be sent to that person get lost in the mail. The money ends up coming back to the entity that sent it out in the first place and the money becomes lost or unclaimed.

This is Washington’s unclaimed money issue spelled clearly in black and white. It’s obvious that there is an issue, but why is it an issue? Who cares if there’s money piling up?

Why Is Washington’s Money Issue Such An Issue?

The main problem with this growing unclaimed money issue is that the money sitting in government accounts isn’t doing anyone a bit of good. It’s not doing the economy any good since the money isn’t out there in circulation, it’s not doing Washington residents any good since they can’t spend or save the money however they want to and it’s not doing the US economy any good. So you see, the money is actually hurting the economy by taking that money out of circulation.

So what can we do about it? The only thing that can be done is to alert all Washington residents that there is in fact an unclaimed money issue. We need to spread the word that this problem is a reversible one. All we need to do is tell everyone we know that Washington’s unclaimed money issue exists.

If more people search using their first and last name (how easy is that, by the way?) and if everyone that finds money tells everyone they know, we will soon be able to solve Washington’s unclaimed money issue and Washington residents everywhere will soon find the money to help make life a little easier for all involved. Who knows, the entire country may improve economically from the boost of circulated money, all because we decided to spread the word about the unclaimed money issue in Washington.