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.
The amount of money spent on clothes varies for each family. U.S.Bureau of Labor Statistics research shows that as the first decade of the 21st century ended, annual spending on clothing in U.S. households had declined by $174 over a period of five years. As of 2010, American families were spending -- on average -- $680 per person on clothing.