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.
Daily consumer spending has increased among Americans who make $90,000 or more a year, to $190 per day in July from $157 per day in June and $189 in May. But daily spending for the majority of Americans fell slightly to $75 per day from $79 in June, $78 in May and $78 in July 2013.