Warning: 46% of Gift Card Balances That Go Unused Eventually Become Unclaimed Property Held by the State
The claim that 46% of gift card balances become unclaimed state property is a common misconception that conflates two very different statistics.
Nicholas Hurley
New Study Found Contacting the State Treasury Directly Results in 31% Faster Claim Processing Than Online Portals
A claim circulating online suggests that contacting your state treasury directly leads to 31% faster claim processing than using online portals.
She Was Cleaning Out Her Parents’ Home and Found an Old Insurance Policy…The State Was Holding $22,000
Yes, when you're cleaning out a parent's home and discover an old insurance policy, there's a real possibility that unclaimed proceeds are being held by...
Fact Check: Is There Really a Federal Database for Unclaimed Money? No but 5 Federal Agencies Have Separate Search Tools
No, there is not a single, unified federal database for unclaimed money. Despite what many people assume, the U.S.
At Least 71% of People Don’t Know That Unclaimed Money From a Deceased Relative Passes to the Next of Kin
Most people assume that when a relative dies, any unclaimed money in their estate automatically goes to the next of kin. The reality is more complicated.
$4.3 Billion: The Total Amount of Unclaimed Wages Owed to Workers From Wage Theft and Payroll Errors Nationwide
The $4.3 billion figure often cited in headlines about unclaimed wages requires clarification. In reality, a December 2024 announcement from the Houston...
Warning: 53% of Landlords Never Return Security Deposits That Eventually End Up as Unclaimed Property
Security deposit disputes represent one of the most significant financial losses renters face—and many of those lost deposits never make it back to their...
New Study Found 38% of Unclaimed Property Holders Are Millennials Who Changed Jobs 4 or More Times in Their 20s
A widely circulated claim suggests that 38% of unclaimed property holders are millennials who changed jobs four or more times in their twenties.
He Retired 3 Years Ago and Found $5,100 in Unclaimed 401(k) Funds From a Job He Left in 2009
Retirement savings can vanish from your financial consciousness when you switch jobs, but they don't vanish from the system.
Fact Check: Can You Search for Unclaimed Money in All 50 States at Once? Only MissingMoney.com Covers 42 States in a Single Search
The claim that "only MissingMoney.com covers 42 states in a single search" is factually inaccurate on multiple counts. First, MissingMoney.