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The Independent UK
The Independent UK
National
Via AP news wire

Alaskans pocket over $3,000 in annual oil-wealth payments

Copyright 2022 The Associated Press. All rights reserved

Nearly every single Alaskan got a financial windfall amounting to more than $3,000 Tuesday, the day the state began distributing payments from Alaska’s investment fund that has been seeded with money from the state’s oil riches.

The payments, officially called the Permanent Fund Dividend or the PFD locally, amounted to $2,622 — the highest amount ever. Alaska lawmakers added $662 as a one-time benefit to help residents with high energy costs.

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