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

by Michael Rato

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.