Why Unclaimed Money Is A Problem

You may think that having billions of dollars in unclaimed money would be a very good thing, but it’s not. In fact, it’s a very big problem. The unclaimed money problem is so big that every treasurer in the nation is calling out to the hard working people of the great state in which they reside. These treasurers need help to solve the unclaimed money problem. If they don’t get help soon, the unclaimed money problem will only get worse.

 

Why Is the Unclaimed Money Problem Actually a Problem?

Does Mississippi Have An Unclaimed Money Problem?

Many states are facing money problems, but one state in particular is facing a money problem all its own. The money problem has to do with unclaimed money. This is money that may belong to you or me, and that money keeps piling up without any sign of slowing down. And don’t start thinking that you couldn’t possibly have unclaimed money waiting for you because you’ve never lived in Mississippi. Even if you have never lived there, you too may be part of this unclaimed money problem. Let’s dive into what this problem really entails and just how much money we’re talking about.

Rhode Island’s Unclaimed Money Problem Is Growing Out Of Hand

The state of Rhode Island is facing a major financial issue. We’re not talking about budget cuts or bankruptcy. Instead, we’re referring to Rhode Island’s unclaimed money problem. This problem is seriously growing out of control. There is so much unclaimed money being held in Rhode Island state treasury accounts that officials are going crazy. And more seems to flow in all the time. How many times have you wished to find free money? How many times have you jammed your hand down between your couch or car seat cushions to search for money that you didn’t have before? If you said more than once, you might want to search for missing money so that we can help Rhode Island get rid of some of this money once and for all.

Unclaimed Tax Refunds: Another Type Of Unclaimed Money Problem

Every year, the IRS has its hands full processing tax returns and issuing tax refunds. As it mails out the tax refunds every year, the IRS can only go by the person or family’s last known address. If the person moves or the check gets lost, the tax refund will go back to the government where it will be deemed unclaimed money. This would be no problem if it only happened to a few tax paying citizens. The thing is, there are billions of dollars being held by states and the federal government and much of that sum is due to the growing tax refund problem. How do we solve this problem? We need to educate Americans that their tax refunds may be being held as unclaimed money.

Why People Still Don’t Know About Unclaimed Money

This country is facing a huge unclaimed money problem and the problem seems to be getting worse every day. With billions of dollars being held in government accounts all over the country and in several federal treasury accounts, we as a nation need to do something. The problem is that most people still have no idea that there is unclaimed money out there. Let’s look at a few reasons why the majority of Americans are still oblivious to this unclaimed money conundrum and also a few ways we can remedy this unclaimed money problem for good.

 

Our Nations Unclaimed Money Problem Is Getting Worse, Help Solve The Problem

We live in one of the, if not the best country in the world. If you want to do your part to help this country, you can start by conducting a free unclaimed money search using the handy UnclaimedMoney.com database. The unclaimed money problem in this country is getting drastically out of hand. Every year, millions of dollars roll in to state and federal treasury accounts. This unclaimed money actually belongs to millions of Americans, but these individuals have no idea that it even exists. Until we are able to raise public awareness for this growing unclaimed money problem, the problems we face will only get worse.

Arkansas Unclaimed Money Problem

Arkansas is one state that is facing a big money problem. No, the state’s not broke. Rather, the state is holding onto too much unclaimed money. Unclaimed money isn’t a new phenomenon, but it is a problem that is getting steadily worse. So what is unclaimed money and why is Arkansas facing such a problem?

 

What Is Unclaimed Money?

Unclaimed Money is the money that goes missing when you have an old utility deposit coming to you and you move away. The check is mailed, it fails to find you and it is mailed right back to the company that mailed it in the first place.

New York State Treasury Unclaimed Property

States all across the United States are holding onto billions of dollars in unclaimed money and New York is one of the states with the most unclaimed money in its state treasury accounts. This unclaimed money is continuing to come in at a record breaking pace and there are no signs of it slowing down or stopping. However, it’s not just money that the New York treasury is so up in arms about. The state is also having a problem with unclaimed property.

Why Unclaimed Money And Property Is Becoming Such A Big Deal

What would you do if you had about $14 billion dollars in unclaimed money just sitting in your house? While that sounds like a great problem to have, it would be a big problem if that money just sat there, useless. That’s right, you can’t spend any of this unclaimed money. The reason is because it doesn’t belong to you. The money belongs to average Americans, men and women who have worked hard for that money, or they won that court case or they are the rightful heir to a long lost relative’s estate and now that money is in your living room and you can’t do anything about. To make matters worse, there’s more flowing in all the time. Can you begin to see why unclaimed money and property is becoming such a big deal?