Why Unclaimed Money Is Continuing To Grow

Why is there a continued upsurge in unclaimed money? This is the question many state treasury officials are asking themselves as the unclaimed money problem gets worse. As we near the end for fourth fiscal quarter and with a projected busy holiday shopping season coming up, many individuals and businesses will be looking for a little extra something to get buy, or to report to investors. This is why treasury officials are trying to get more of the public to become aware of the unclaimed money problem so that people can start helping to solve the problem instead of contributing to it.

Contributing to a Growing Unclaimed Money Problem

Unclaimed money can come in many forms. For some it can come from an uncashed paycheck and for others it can represent an insurance payment they never received after a bad accident. For some, it can be back child support payments that were never delivered and for others it can represent thousands in a lost inheritance the rightful owner didn’t even know was coming.

With so many sources for unclaimed money, it is easy to see just how the unclaimed money problem got so bad to begin with. Most of the time, the money isn’t even classified as unclaimed money until months or even years later, which makes the problem even more difficult to track or solve.

A Public Solution 

Treasury officials in all fifty states want the public to do more to help solve the unclaimed money problem. With billions being held all over the country, many citizens will find themselves richer after a successful search. Successful unclaimed money searches will also put more money into circulation, thus improving the economy.

If more people search for unclaimed money and then pass the word along, whether they found money for themselves or not, we may soon see an end to this unclaimed money problem once and for all. We have a long way to go as a nation if we are going to solve this issue, but if we all work together we may soon eradicate unclaimed money for good.