Billions of Dollars Are Waiting To Be Claimed by Americans
Summary
Billions of dollars in unclaimed property and cash are held by U.S. states, waiting for people to claim them. About 33 million Americans may have unclaimed assets such as bank accounts, checks, or dividends. States have been encouraging people to check if they have any unclaimed funds.Key Facts
- More than $70 billion in unclaimed property exists in the United States.
- This includes unclaimed cash, checks, deposits, and dividends.
- Around one in seven Americans, or 33 million people, may have unclaimed assets.
- In fiscal year 2024, states returned $4.49 billion to rightful owners.
- "Escheat" laws require states to hold onto unclaimed property until it is claimed.
- Maine has called the week of February 2 to 8 "Unclaimed Property Week" to raise awareness.
- Michigan returned $164 million to rightful owners last year.
- You can search for unclaimed property using sites like MissingMoney.com.
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