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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Whether your Permanent Fund splurge is sensible or silly, it’s nice to have $878

Posted on 05 October 2012

Alaska’s bonus holiday, the day Permanent Fund dividends get deposited in hundreds of thousands of Alaskans’ bank accounts arrived on Thursday. Nobody (well, maybe a few) was complaining, even though the $878 checks were the smallest since 2005 and the ninth lowest since the government began sending Alaskans a share of the state’s oil wealth some three decades ago.
To qualify, residents must live in Alaska for a full year. Some 647,000 peope said they’d done so in 2011. Consequently, many of them faced a happy problem on Thursday – what to do with newfound wealth? Blow it quick? Save it? Whittle down that pile of bills? Deal with all sorts of necessities, from food to fuel to stay warm now that winter looms………………………………………..Full Article: Source


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