Baby Boomers have Unclaimed Money or Property [VIDEO]
March 7th, 2013
An estimated seven out of ten Baby Boomers have unclaimed money or property locked away somewhere without even knowing about it. Odds are you are one of them. [VIDEO]
Baby Boomers have Unclaimed Money or PropertyÂ [VIDEO]
Many Baby Boomers have unclaimed property, or lost money, floating around in federal and state accounts.
The unclaimed money or property has reached in excess of forty billion dollars in these institutions.
Hereâ€™s the interesting part.
Over five hundred billion dollars are held up in corporations, both private and public.
An estimated seven out of ten Baby Boomers have unclaimed property or funds locked away somewhere without even knowing about it.
Odds are you are one of them.
These staggering numbers are due to the simple fact that people donâ€™t know about their lost money.
The Montel Williams show aired a presentation about lost money back in 1999. I originally thought that the subject of the show was money that someone previously had and that it was literally lost. The subject could have been funds squandered through gambling or bad investments. However, the show was about funds that many of us have. We just donâ€™t know that we have it.
Oprah Winfrey also had an interesting show on the topic of lost money. Oprah proved that people are not aware of the missing funds by uniting seventy thousand dollars in lost money to audience members. These audience members were pleasantly surprised to have the funds that were rightfully theirs. She went on to explain that millions and millions of dollars go unclaimed year after year.
Unfortunately Oprah Winfrey and Montel Williams donâ€™t have quite enough time to find lost money for people across the United States. It may be in your best interest to take matters into your own hands by doing a little research for your self. Finding out about your heritage could be a great start. There are also a number of web sites that offer information on the subject of finding lost money as well.
As always, it is best to be leery of scams when it comes to personal finances and personal information. Avoid divulging too much information to an unsecured party. If someone asks for your date of birth, your social security number and your motherâ€™s maiden name, a red flag should go up.
Also, you never want to provide information about your personal bank account and you definitely donâ€™t want to make an investment on your search. If the money is yours, you should be able to find it without forking out a lot of cash in the process.