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.
US Economy. Current U.S. government spending is $4.268 trillion. That's the federal budget for fiscal year 2018 (October 1, 2017, to September 30, 2018). It's 22 percent of economic output as measured by gross domestic product. Before the recession, the government kept Federal spending below 20 percent of GDP.