In other countries, it is not illegal for minors to drink alcohol, but the alcohol can be seized without compensation. In some cases, it is illegal to sell or give alcohol to minors. The following list indicates the age of the person for whom it is legal to consume and purchase alcohol.
In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month -- or about $44,600 per year. Using the 4% rule, that would mean a nest egg of over $1 million would be needed to finance the average lifestyle.
Americans have to have their entertainment, too. In 2012, the average American spent $2,605 on entertainment; more than $20 billion is spent each year on movies, and $13 billion â or more, depending on whom you ask â on video games. As far back as 2009, Americans were spending more than $14 billion per year on performing arts tickets as well.