Friday, January 22, 2016

Friday Lost + Found: Just How Much Are States Holding in Unclaimed Property?


As the East Coast prepares for its first major snowstorm of 2016, we take a quick look at some recent stories concerning the dollar value of unclaimed property held by state governments. 

California --  Over $8 billion

Connecticut -- $710 million

Illinois -- Over $2 billion

Maryland  -- Over $1 billion

New York --  Over $14 billion

According to the National Association of Unclaimed Property Administrators, the states collectively are holding in excess of $40 Billion in unclaimed property for the rightful owners of those sums. 

Like so many snowflakes, those misplaced pennies add up.

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