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

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Alaskans pocket over $3,000 in annual oil-wealth payments
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Nearly every single Alaskan got more than $3,000!

Copyright 2022 The Associated Press. All rights reserved

Residents use the money in various ways, from buying big-screen TVs, vehicles or other goods, using it for vacations or putting it in savings or college funds. In rural Alaska, the money can help offset the enormous costs of fuel and food, like $14 for a 12-pack of soda, $4 for a celery bunch and $3 for a small container of Greek yogurt.

Howard Farley, now 90, helped secure Nome as the Iditarod's finish line over 50 years ago. His century-old home was safe from the storm on high ground in Nome, but they did lose about 100 feet of frontage and one building at the family’s camp site about 5 miles east of town.He said the payments — which would be more than $16,000 for a family of five — are much needed.

“What it will mean for a lot of families is that they can break even with the high prices we’re paying,” he said. The smallest check ever was $331 in 1983. The largest before this year’s check was $2,072 in 2015. If someone has collected every check since 1982, it would amount to $47,049.

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