Experts say there haven’t been many studies on how the PFD — which hit Alaskans' bank accounts this week — is spent. But they said the impacts of this year’s overall $2.1 billion injection into the economy will be felt widely.
A sign advertises a Permanent Fund Dividend special at Jiffy Lube on Dimond Boulevard Tuesday, Sept. 20, 2022 in Anchorage. Today many Alaskans received a direct deposit of $3,284 each, which includes a one-time energy relief payment of $650.
Experts say there haven’t been many studies on how the money is spent. But they said the impacts of this year’s overall $2.1 billion injection into the economy will be felt widely. Not Anchorage, which has no sales tax, “but Fairbanks, Juneau, the Mat-Su Borough and other local governments will get a good take of higher retail spending,” Klouda said.
The program allows Alaskans to earmark donations to nonprofit groups. Close to 24,000 individuals gave money to more than 640 groups this year, she said.Dog and Puppy Rescue, and Bean’s Cafe. Investments in Alaska 529 feature tax-free withdrawals for post-secondary educational expenses at colleges, apprenticeships and trade schools across the U.S.
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