Thursday, May 23, 2013
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Plans For PFD Spending May Change Come Payout TimeConsumers are feeling fickle, given the nature of the economy, experts sayRelated Content
ANCHORAGE—The amount of this year’s permanent fund dividend won’t be known for several weeks, but that doesn’t mean you can’t do the math. Figuring out the amount of your permanent fund check is a complicated formula but here is what KTVA came up with: $1,180.
Our estimate could be off a bit, but if it holds, that amount would be almost exactly $100 less than last year’s check.
The next question is what people will do with their checks once they have them, whether they plan to save or spend, given the current economy.
State labor economist Neil Fried says it’s hard to predict how people will feel about their economic circumstances from one day to the next.
“One minute, we are feeling very confident and the next month we are not,” said Fried.
“It will be interesting to see. We could say one thing today, but when the dividend comes out in October, people may be feeling differently.”
One thing is certain: Alaskans love their dividends. We spoke with several who say they welcome the extra cash but will probably use a portion of that to save or pay bills.
Local banks and credit unions say they’ve seen evidence that more people are saving.
With more Alaskans choosing direct deposit, they see the funds come in, but say people are slower to spend them.
“I think the trend is that because the economy hasn’t recovered, people are waiting for the other shoe to fall,” says AlaskaUSA’s Dan McCue. “They're concerned that they won’t be able to pay some bills and they want to have that money.”
But despite that, PFD time is usually a good time for many retailers who are stocking up so the spending can begin.
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Genevieve said on Wednesday, Sep 7 at 9:39 PM
It's very small amount, not enough! POOR!
73525127Dennis said on Thursday, Sep 8 at 5:09 AM
In response to Genevieve: not enough for what? POOR? Hey, if you think $1180 isn't enough why don't you just leave Alaska move to the next state that would give more!! Ungrateful is what you are.
73534604Some people are just plain greedy and not appreciative said on Thursday, Sep 8 at 7:31 AM
If you can't thank the LORD for the wonderful gift of money you get "FREE", then your a real whinning,probably not working, living on welfare and expect more entitlements.Get a grip, get a life and think of the ones in the lower 48 that get "NOTHING", THAT ARE OUT OF WORK.
73542032Anonymous said on Thursday, Sep 8 at 7:36 AM
1180 is a lot of groc. people.
73542294beenaround said on Thursday, Sep 8 at 7:49 AM
Your PFD's in which most Alaskans use to heat there homes in winter is being robbed by the Alaska Judical system. They should not be aloud to touch it yet they have taken over $20.000.000.00 from people they have stolen the one thing all Alaskans need (HEAT)The system is making criminals just to take there PFD.
73542994haha said on Thursday, Sep 8 at 9:49 AM
it's funny when people say 'poor!'
73549579Dan said on Thursday, Sep 8 at 10:09 AM
PFD said that Alaska PFD"s will not be touched. They lied ,Department Of Corrections garnishes the Alaska Natives PFD's because of going to jail two times a year is a crime. Most Alaska Natives do not about the hidden disablity about being a repeat offender. Alcohol or Drugs can make people do things that they do not want to do but they do any way, with out knowing that it is wrong. Then they end up in jail again. So why does DOC and PFD follow with the State law makers rules on what is right and wrong ? MONEY! The PFD belongs to all Alaska Natives not to the people who come from out of the State Of Alaska. This another reason why our PFD checks are getting smaller.
73550692SCHWEDDY BALLZ said on Thursday, Sep 8 at 12:34 PM
from the looks of these comments a one time payoff is in order, so those who wish to can pack up with their loot and leave the state of Alaska to those of us who love it here, regardless of the PFD.
73559048Plan to give it to the city said on Friday, Sep 9 at 6:27 PM
Your getting to hold something that the untilities plan to take right back. If you spend that money on something else dont be suprised when you see that $350 gas bill and cannot pay it.
73621289Dlia G. said on Sunday, Sep 11 at 2:25 PM
I am thanfull of PDF but the Military people as the one getting with out live in Alaska this I am disagree , because the and still FILE for it and the State alowed them to receved.
73674264Mac O tac said on Tuesday, Sep 13 at 2:31 AM
I am sure that the majority of active duty military that establish residency and receive a PFD have no intentions of remaining a resident after they ship out and no longer qualify to receive one. Why the PFD corporation has been allowed to overlook this issue for so many decades is beyond me.
73729952Marcy said on Tuesday, Sep 13 at 3:09 AM
A local veterinarian got a big chunk of mine last year. Not sure what she did with it. I'm also not sure who will be the lucky recipient of this years check. The car needs work, the kid needs dental work, the animals need feed, the roof leaks and yes- the fuel barrels about empty. Maybe I'll just go to Hawaii :)
73730689lelicious said on Wednesday, Sep 14 at 9:15 PM
just be thankful for what you get this money is free!i dont care if get 200 from pfd...all good for me and mi kids.:)
73841987Anonymous said on Thursday, Sep 15 at 11:53 PM
it will all eventually get pilfered and stolen by the banks that hold the accounts, and your dirty goverment
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