Michigan Searches For Owners of Unclaimed Property, Money

The state of Michigan faces a growing problem of unclaimed money. What is unclaimed money? It can come from a wide variety of sources. Basically, unclaimed money describes money that used to belong to someone but is currently being held in limbo in a Michigan treasury account somewhere. And Michigan is not alone. It’s said that there are over ten billion dollars in U.S. State and Federal government accounts, and yet most people have no idea they have this unclaimed money coming to them. Michigan is but one state doing everything it can to alert its citizens that they may have unclaimed money coming their way. Will they succeed? Time will only tell.