Do you know how much money is in your bank account? Do you know how much money is in your savings accounts? Believe it or not, millions of Americans are missing money. Even if you think you keep a tight watch over your spending, bills and expenses you may not be monitoring other avenues where missing funds come into play. This money is being held in state and federal accounts and yet it belongs to citizens just like you.
The money may come from abandoned bank accounts, paychecks that were never cashed and child support payments. It even comes in from things like security deposits, IRS tax returns, inheritances and much more. These funds continue to go unreported and this is posing a problem for state officials all over the country. With so many missing funds coming in, the best we can do is hope that every citizen finally does a search for lost or missing money to combat the problem from the inside.
The Problem of Missing Funds
It is important for every citizen of the US to understand why missing funds are such a problem for the states and the federal government. For one, all of the money that is being held in lost money accounts represents money that is taken out of circulation. With less money in circulation, the economy suffers and ultimately the citizens suffer.
If citizens everywhere knew that they had missing funds out there, they would likely get off of their rear ends to search for any funds that belong to them. Every family could likely use an extra ten, twenty, hundred or even thousand dollars to help make ends meet. The matter of searching for lost funds is very easy. You simply search with your first and last name and the missing funds database will search state and federal accounts for any funds that may be attached to your name. If missing funds are found, you will be able to claim them with a few simple steps.
With the ease of searching for unclaimed or missing funds, we can only hope that this trend will pick up and that more people will start searching for money that may belong to them. This money continues to go unreported and that is posing a problem, but the more people we inform about the missing funds problem and how easy it is to search for the money the closer we will be to the unclaimed or missing money solution. The answer is out there. It is up to each and every one of us to search for it.