$35 billion of unclaimed money isn’t a small amount. Many economies would be willing to have this amount at their disposal. Surprisingly, this huge cache is lying dormant with U.S. in the form of unclaimed cash. In spite of the relentless efforts by U.S. State Treasurer, less numbers of people are turning up to claim unclaimed cash in their name. Though, the number is on the rise owing to a massive drive taken up by the states, the heap of unclaimed cash is reducing at much less speed than expected. Unclaimed property is one of the oldest consumer protection programs that have been in existence since the 1940s. It is only during the last decade that it has gained prominence as unclaimed cash started piling up. Now, almost every state treasury is full with unclaimed money. Look at some of the figures given below:
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