Unused Gift Cards Part Of The Lost Cash Problem
Gift cards make excellent holiday and birthday presents, especially when you find yourself buying for someone you don’t really know personally, like a co-worker, neighbor or teacher. These cards allow the person to buy what they want, and they’re far more acceptable as a gift than cash. They can be placed in a greeting card or gifted alone, they’re economical and they make shopping for holiday and birthdays a breeze; which is one of the primary reasons they’re one of the most popular gift ideas. There is a problem with gift cards, however, and this problem seems to be growing each and every year. It turns out that unused gift cards are contributing to the ever expanding lost cash problem.
How Unused Gift Cards Become Lost Cash
Every year billions of dollars go missing from the bank accounts of average American families all over the country; and a good portion of that money comes from unused gift cards. This money clogs up the treasury in the various states and at the federal level, and it’s essentially been dubbed the lost cash problem.
It turns out that the millions of people who receive gift cards every year may not be using small portions of the amounts on the cards, or they’re failing to use the cards altogether. That two dollars left on your gift card may not seem like a big deal, but then consider what happens when a million people leave two dollars on their gift card. Now you’re beginning to see the crux of the lost cash problem.
Finding Solutions To The Lost Cash Problem
When people leave their gift cards with small balances, or they leave them to gather dust in their wallets or purses, that money adds up and causes major havoc to the financial institutions that keep the economy going in this country. To help and to see if you have any unused gift cards in your name, visit Cash Unclaimed.
With a simple search and a moment’s time, you will find out if you have been contributed to the lost cash problem all this time. You may find a miniscule amount or you may find a lot, but either way it might turn out to be a great early self-gift for any upcoming holiday season.