You May Have Missing Money... Here's How to Find It!
Money Rehab with Nicole Lapin
Deep Dive
Why is there so much unclaimed money in the United States?
Unclaimed money arises when individuals move, change addresses, or fail to claim funds owed to them, such as unpaid wages, matured savings bonds, or forgotten security deposits.
How can someone find unclaimed money from their state?
Check the state's unclaimed property office via usa.gov/unclaimed-money. This is where money from banks, insurance companies, or state governments is sent if they can't locate the owner.
What are some common reasons for unclaimed paycheck money?
Unclaimed paycheck money can result from leaving a job mid-pay period, unused vacation days, or labor law violations by employers. The U.S. Department of Labor holds unpaid wages for up to three years.
How can someone check if they have matured savings bonds?
Visit treasuryhunt.gov to see if any savings bonds have stopped earning interest and can be cashed in. Bonds under 18 may be under parents' names.
What should someone do if they suspect they have unclaimed tax refunds?
Check the IRS website (irs.gov) to see if there are any unclaimed tax refunds. Even if you didn't file a tax return, you might still be owed a refund.
How can someone recover a forgotten utility deposit?
Review bank statements to see if a security deposit was returned. If not, follow up with the previous landlord to claim it.
Where can someone find information on active class action lawsuits?
Visit classaction.org/database to see if you're eligible for any ongoing class action settlements across various industries.
What was the experience of a Money Rehab producer with unclaimed money?
The producer found unclaimed money from their college but couldn't collect it online due to New York State's process. They had to mail in a form to claim it.
How did Morgan Lavoie help her mother find unclaimed money?
Morgan and her mother used unclaimed.org to search for and claim money. They found a $25.61 payment owed to her mother.
Shownotes Transcript