The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation.he biggest group affected by cost-of-living raises is Social Security recipients. Some employees have contracts that include automatic cost-of-living raises. Others work for companies that voluntarily increase pay to keep pace with inflation.
Adjusted for inflation, the cost of raising a child born last year will be about $304,480, on average, for the average middle-income family, which the government defined as those with pre-tax annual income between $61,300 and $106,140.Costs are lower for lower-income families.amilies living in urban areas in the Midwest had a slightly lower cost than the national average, or $240,570. Families in the urban Northeast had the highest cost of raising a child to adulthood: $282,480. That was followed by the urban West at $261,330.