1 in 10 Americans have unclaimed property, including uncashed paychecks
It makes sense that most unclaimed property would be intangible. States simply don't have the space to become a "lost and found" for everyone's abandoned physical assets, like cars, boats, or real estate. However, there is one exception to the rule. StatesWhen do states claim items as unclaimed property?
But, surprisingly, inactivity could simply be defined as a failure to "engage" with your account. And therein lies a danger for consumers. If you're someone who has atowards investing, your account could be escheated simply because you haven't logged into your brokerage account in quite some time.
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