Sources of unclaimed property are vast. Today's estimates for unclaimed property are too ambiguous. Government's own estimates have not been on par with the amount of unclaimed money. So how much money is there? You could try to divide the total amount by the number of eligible people. However as you will see this will not provide an answer. Consider these sources of unclaimed property
How would you account for contents of safety deposit boxes or escrow accounts. Some escrow accounts do have amounts. Some do not even have proper searchable names. There is a lot of money out there. By the best estimate, the value of unclaimed property we have is over $50 Billion. Take 50 Billion divide it by the total population count of 281,421,906 according to 2000 US Census. The number you get is $177 per every woman, men and child. But we know that there are accounts worth tens of thousands of dollars. Next step is to figure out the amount of people being able to claim the money. One method of doing this is measuring the rate of increase, which is 13.2% from 1990. Subtract the total migrants for every 5 year period. Next step is to account for the total of old accounts which have been there since the early 1950's. Derive the mean of all accounts and you end up an average claim of $650. We then took the $650 dollars to dive the accounts into two categories. On one side we took all the accounts above $650 and computed the average. On the other side we took all the accounts below $650 and computed that average too. Then we factored the population to get a statistical idea of the amount of money per capita.
Are you ready?
3 out of 10 people have an average claim of $5,400.00
6 out of 10 people have an average claim of $240.00
Search for your money today.
Certain States have a better average. Texas for example is the state with the most people able to claim the higher amount. In Texas 4.5 people out of 10 will have an average return of $5,400.00
Searching for unclaimed money is quick and easy. It will take less then five minutes of your time, with some accounts exceeding $20,000 or more, it just might be worth your while.