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.
The average cost of living for an American [edit]. 1  $20,194 per person per year according to Bureau of Labor Statistics (value given divided by 2.5 average household size ('consumer unit') - [1]. $20,194 per person per year according to Bureau of Labor Statistics (value given divided by 2.5 average household size ('consumer unit') - [1]. 2  Of this, food ($2577), housing ($6844), cars ($3442) totals $12863 per person.