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.