ABC 7 NEWS REPORTS ON UNCLAIMED MONEY IN CALIFORNIA
Los Angeles, California, United States of America (Free-Press-Release.com) March 9, 2011 — March 9, 2011 – Los Angeles, CA – ABC 7 aired a report on California’s unclaimed money to inform the public of the over $6 billion the state is holding as missing money. With this extremely high figure, local news station, ABC channel 7, is aired this special story on today’s news.
Unclaimed money has become an increasing problem the government has been facing over the past years, and not just California is facing increasing amounts of unclaimed money.
Most states in the U.S. are facing figures in the millions in unclaimed money. Currently, the unclaimed money total is well over $50 billion. Some of the high states with unclaimed money: California – over $6 billion, Michigan – $1.3 billion, Ohio – $1.4 billion, Texas – $2.2 billion, among some of the states.
There are various ways money or property becomes unclaimed. Some of the most common forms of unclaimed money are unclaimed savings accounts, unclaimed utility deposits, unclaimed or un-cashed checks, unclaimed safety deposit boxes, and unclaimed lottery wins. It is also very likely to have unclaimed money in multiple states, not just the current state of residence.
As most governments are going to great lengths to inform the public about unclaimed money they might be owed, their measures aren’t strong enough to keep the growing pile of unclaimed money tamed. The various state governments have set up unclaimed money websites, where searches can be made for unclaimed money.
Cashunclaimed.com Founder Bill McIntosh stated, “The states are doing a good job of reaching out to the public with the limited funding they have to work with. The big problem is that state unclaimed money searches will only reveal unclaimed money being held in that particular state.” This was the reason that Bill created a website that allows people to search in one place and find money from all 50 states and federal databases.
ABC Channel 7 news is much needed in order to reach a large population in the Los Angeles area to help decrease California’s copious amounts of unclaimed money.
