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Hidden Hoards: Millions in Cash Found in Homes
21 Feb
Summary
- Millions of Americans may have $10,000 to $20,000 hidden in their homes.
- Past generations distrusted banks, leading them to stash cash at home.
- Generations of baby boomers are retiring, revealing decades-old hidden collections.
Hoarding expert Matt Paxton has revealed that millions of American homes are concealing significant financial value, with many containing tens of thousands of dollars. He estimates that hundreds of thousands of homes could hold millions in hidden wealth. This phenomenon largely stems from past generations' distrust in banks, leading them to stash cash and valuables within their residences.
Paxton, featured on the show 'Filthy Fortunes,' notes that the current wave of discoveries is amplified by retiring baby boomers, whose accumulated collections, some dating back 50 to 70 years, are now surfacing. Season 2 of 'Filthy Fortunes' has showcased some of the largest hoards and most astonishing finds, including gold coins, rare collectibles, and even vintage cars, with total hauls exceeding $1 million.
The show's team, including appraiser Mike Kelleher and picker Chris Davis, navigates through extreme clutter, encountering hazards like rats and snakes to uncover these hidden fortunes. While the grossness of the hoards can be overwhelming, Paxton emphasizes that the true value lies not just in the monetary amount but in the opportunity for families to start anew, fundamentally changing their lives for generations.
