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Chief Financial Officer Jimmy Patronis announced Monday that $32 million in unclaimed property was returned to Floridians in May. Patronis said that one in five Floridians have unclaimed property, with an average claim being around $825.
“As inflation continues to squeeze the wallets of Floridians and the price of gas and groceries continues to rise, every dollar counts,” Patronis said.
Unclaimed property is a financial asset that has been lost or inactive, which includes dormant bank accounts and stocks. They are usually held by business or government entities for a period before being remitted to the Florida Department of Financial Services.
– Robert Haughn, Extensive Enterprises