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Search resuls for: "Alaska Permanent Fund"


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Read previewBipartisan momentum is building around a sovereign wealth fund that could help the United States reduce its national debt or fund ambitious projects. And former President Donald Trump recently called for a similar state-owned investment fund to finance "great national endeavors" during a campaign stop at the Economic Club of New York. AdvertisementAlaska's fund offers benefits that mimic a universal basic income — a no-strings-attached, recurring payment distributed to people regardless of socioeconomic status. Federal lawmakers likely see a sovereign wealth fund serving a different purpose, like supporting industries or financing supply chain initiatives. Sovereign wealth funds — like Alaska's or Norway's Government Pension Fund Global, which is the largest in the world — are often funded by wealth generated from state-owned natural resources.
Persons: , Joe Biden's, Donald Trump, Sarah Cowan, Winston Ma, Hunt, Ma Organizations: Service, White, Economic, of New, Business, Alaska Permanent Fund, NYU, Unicorns, Fund Locations: United States, of New York, American, Alaska
Even though her two sons have moved out, she struggles to secure enough to pay her bills and save for the future. She fears that even when she receives about $2,000 a month in Social Security payments in six years, it will not be nearly enough. Related stories"My career path has finally gotten to be decent pay, but it's not great, and I'm still single," Davenport said. Between child support and an increase in work income, her income ended up slightly above the housing assistance cutoff when her kids were growing up. AdvertisementPreparing for the futureDavenport plans to wait until she's 67 to claim her Social Security benefits, which she anticipates will be about $2,000.
Persons: Becky Davenport, , Davenport, I'm, it's, she's, hasn't, doesn't, spender, we've, She's, wouldn't Organizations: Service, Business, Social, Alaska Permanent Fund, Security Locations: Alaska, Chugiak, Anchorage, East Coast, New Jersey , Pennsylvania, Kentucky
How the crypto fallout could affect you
  + stars: | 2022-11-15 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN Business —The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX. While these funds say they had limited exposure to FTX, their inclusion points to a growing but alarming trend that could affect you even if you’re not a buyer of crypto yourself. What’s happening: Pension funds are increasingly investing in alternative assets in search of bigger returns. In the United States, public pension funds are facing serious challenges that threaten the retirement plans of millions of state and local government employees. It’s not just a trend that’s happening in the United States.
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