State governments are having a huge reserve of unclaimed public money, despite the efforts to bolster its economy in this era of one of the largest economic slump. Most of the states have expressed their conerns with this influx of unclaimed funds into their treasuries. The ratio of incoming funds to the funds which are being claimed is still very high. Millions of dollars of unaccounted money is held in state treasuries with no possible outlet in sight.
At the moment, more than $40 billion dollars of unclaimed money and assets are waiting to be returned to their rightful owners. Statistically, more than 30 million American are missing out on their hard earned money which is still lying with the state treasuries.