More than half a million Californians have not yet claimed their money, which is supposed to help ease the burden of high prices.
A cash pot of at least $125 million is sitting untouched because hundreds of thousands of people have not claimed the financial help issued to them, an analysis has revealed.In California, 624,000 residents have not taken advantage of the inflation relief payments given out to all but the state's wealthiest residents. The first payouts were made in October 2022, and the scheme wound down in September 2023.
Those who think they have not received their card, or want to report that it was lost or stolen, should call the same number to be issued a replacement.Of the cards that have been activated or used by the beneficiaries, more than half still have unused money in the account, the FTB said. Just 46 percent of the cards have a balance of zero.Any unused benefits will no longer be available after the program expires on April 30, 2026.
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