In Alaska, there’s a program that gives residents cash every year. It’s called the Permanent Fund Dividend, and it’s funded by the state’s oil revenue. Every Alaskan who has lived in the state for at least one calendar year and plans to stay for the next is eligible to receive the payment. In 2018, the dividend was $1,600. That’s not a typo — one thousand six hundred dollars, given to every person who meets the requirements. And it’s not a loan either; you don’t have to pay it back. The program has been around since 1976, and it’s incredibly popular. In fact, almost 730,000 people received the dividend in 2018 alone. If you do the math, that means that over $1 billion was distributed to Alaskans last year.

What is the Permanent Fund Dividend?

The Permanent Fund Dividend (PFD) is a state-sponsored program in Alaska that provides an annual cash dividend to eligible residents. The PFD was established in 1976 and is funded by the earnings of the Alaska Permanent Fund, a state-owned investment fund.

Since its inception, the PFD has paid out over $27 billion in dividends to Alaska residents. Eligibility for the PFD is based on residency and age requirements, and recipients must apply for the dividend each year.

The PFD has been a key part of Alaska's economy, providing a much-needed boost to residents during difficult economic times. It has also helped keep population levels stable in rural areas of the state.

How to Qualify for the Permanent Fund Dividend

In order to qualify for the Permanent Fund Dividend, residents of Alaska must have lived in the state for at least one calendar year, as well as meet certain other requirements. The most common way to qualify is by having a Permanent Fund Dividend account, which can be opened at any division of Motor Vehicles or online.

To open an account, applicants need to provide their name, Social Security number, date of birth and Alaska residency information. After the account is created, residents can begin receiving their dividend payments each year. In order to continue receiving payments, residents must update their account information annually and remain eligible each year.

What Are the Pros and Cons of Living in Alaska?

There are many pros and cons of living in Alaska that should be considered before making the move. On the plus side, Alaska is a very beautiful and unique state with plenty of outdoor activities to enjoy. It is also relatively affordable to live there compared to other states in the US. Additionally, the state offers a Permanent Fund Dividend (PFD) which provides every resident with an annual payout from the state’s oil revenue.

However, there are also some drawbacks to living in Alaska. The weather can be extreme, with long winters and very little sunlight in some parts of the state. The cost of living can also be high, especially in cities like Anchorage. And finally, because it is such a remote location, it can be difficult to get around without a car.

How to Prepare for Life in Alaska

If you're thinking about making the move to Alaska, there are a few things you should know in order to prepare for life in this unique state. First and foremost, Alaska is known for its cold weather, so be sure to pack plenty of warm clothing. Additionally, because it's so far north, the days are much shorter during winter months and there is little to no sunlight. This can take some getting used to, but many people find that they adjust quickly.

In terms of food and supplies, it's important to stock up before making the move. This is especially true if you're moving to a remote location, as it can be difficult (and expensive) to get these items once you're there. Be sure to bring enough non-perishable food items to last a few weeks, as well as any medications or other supplies you may need.

Finally, while Alaska is an amazing place to live, it's important to remember that it is isolated from the rest of the country. This means that travel can be difficult (and expensive) and there are limited healthcare options. For these reasons, it's crucial to have good health insurance before making the move. With all of this in mind, you'll be sure to have a smooth transition into life in Alaska!

Tips for Moving to Alaska

If you're thinking of moving to Alaska, there are a few things you should know. First, it's important to research the cost of living in Alaska. The state has a high cost of living, so be prepared to budget accordingly. Second, while the weather may be cold, there are plenty of activities to keep you busy during the winter months. Make sure to pack warm clothes and consider investing in a good pair of winter boots. Third, be aware that healthcare costs can be high in Alaska. Make sure you have good health insurance coverage before making the move. Finally, don't forget to enjoy the beautiful scenery and wildlife that Alaska has to offer!

Conclusion

The person in this article is certainly living the dream by getting free money from the government of Alaska. It's an interesting example of how a state can offer its citizens financial incentives to live there. While it's not something that everyone could or would want to do, it's certainly an option worth considering if you're looking for a change of pace. Who knows, you might just find yourself enjoying the simple life in Alaska!