Everybody Gets $919.84 In Alaska

[jeffrey]

Next month nearly everyone living in Alaska will receive a payment of $919.84, thanks to dividends from a $27.4 billion trust fund set up with some of the state's oil wealth.

However, the dividend was $187.72 lower than last year's pay out, and less than half the record pay out of $1,963.86 made in 2000. Because the dividend is calculated according to a five-year average, the drop reflects the stock market downturn in recent years, officials said...

The dividend is to going out on Oct. 13 to about 600,760 men, women and children residents. "Alaskans of all ages in 232 communities benefit from the Permanent Fund dividend, the result of extraordinarily sound public policy," Corbus said in a statement... [read more at money.cnn.com]

[nate]

Yep, used to be a lot more than that. Nice for big families (each man, woman, child gets a check!). You hear a lot of parents that put that money away for their kids each year until they're 18 and it easily pays for college.