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 average American household spends a little more than $2,500 a year for entertainment expenses, based on an annual income before taxes at about $63,500, according to the Bureau of Labor Statistics. That comes to just more than $200 a month, or 5.5 percent of earned income, for entertainment. The bureauâs report also includes some $2,600 for food away from home and about $1,700 for apparel and services among the average annual expenditures.