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The average American 65 years of age and up earns an annual pre-tax income of $55,335, and that same group spends $52,141 yearly, or $4,345 a month, according to the Bureau of Labor Statistics (BLS). That income doesn’t leave a lot of extra cash for unexpected expenses or emergencies. The average American aged 65-69 has about $200,000 in retirement savings, according to an analysis of Federal Reserve data, and might still need to work even when they reach retirement age. High expenses often play a role. These four categories of spending tend to eat into monthly expenses — here’s how...

The average American 65 years of age and up earns an annual pre-tax income of $60,359, and that same group spends $57,818 yearly, or $4,818 a month, according to the Bureau of Labor Statistics (BLS). That income doesn’t leave a lot of extra cash for unexpected expenses or emergencies. The average American aged 65-69 has about $200,000 in retirement savings, according to an analysis of Federal Reserve data, and might still need to work even when they reach retirement age. High expenses often play a role. Watch for these four categories of spending that eat into monthly expenses. 1. Housing...

Cost of Living Index by City 2023You are looking at Cost of Living Index 2023. These indices are historical and they are published periodically. It's a snapshot of the current indices at a specific point in time.To access current rankings please visit Cost of Living Index Rate (Current). Select date: Select Region: Africa America Asia Europe Oceania Select display column: More information about these indicesRankCityCost of Living IndexRent IndexCost of Living Plus Rent IndexGroceries IndexRestaurant Price IndexLocal Purchasing Power IndexHamilton, Bermuda142.196.1120.1149.1128.083.9Basel, Switzerland127.046.088.1133.2119.6121.0Zurich, Switzerland120.861.892.5116.8119.0122.9Lausanne, Switzerland119.753.688.0116.3113.0103.6Zug, Switzerland118.565.693.1112.8126.6128.1Bern, Switzerland116.137.678.5118.4108.2132.4Santa Barbara, CA, United States112.292.9103.0119.1115.371.0George Town, Cayman Islands107.274.391.499.2105.176.2Geneva, Switzerland107.167.288.0102.3113.6112.9Honolulu, HI, United States102.761.683.0113.081.983.1New York, NY,...

Medicare beneficiaries are getting a rare bit of good news as their Part B premiums and deductibles will tick down next year after the government health insurance plan spent less than projected in 2022. Unfortunately, the cost reductions beneficiaries will see next year are much smaller than the increases they shouldered this year. But costs will also go down for Medicare Advantage and Medicare Part D prescription drug plans. At the same time, deductibles for hospitalization costs under Part A will be going up. If you’re new to Medicare and wondering what these letters are all about, we’ll get to...

“We have mating inequality in this country,” the marketing professor at New York University’s Stern School of Business told CNN on Saturday. “Two in three relationships start on Tinder, 50 men, 50 women. Forty-six women show all their attention to just four men and what do those four [men] have? They signal success with a college degree,” he said. - ADVERTISEMENT - Women make up almost 60 per cent of college students with men being at 40 per cent, and the gap is growing. In the fall of 1970, almost 59 per cent of college students were men, 41 per...

Did you know that the price of corn has risen 142 percent in the last 12 months? Of course, corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase. But it isn’t just the price of corn that is going crazy. We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning. So if you think that food prices are bad now, just wait, because they are going to get a...

The Twin Ports Interchange reconstruction project through Lincoln Park soared $100 million over budget this month, forcing planners to defer indefinitely portions of the work scheduled for 2020-23. The $343 million project is scheduled to begin in May. Minnesota Department of Transportation figures released Monday at a regular public meeting about the project showed a $443 million price tag. "This is what happens with every big project," Duane Hill, district engineer based in Duluth, said Monday. "You have to manage it as you go along. We thought we did a good job initially coming up with a budget for this...

A study of the public-private partnership project delivery method has some cautionary advice for governments and contractors considering them. Entitled "Highway Robbery: Public Private Partnerships and Nova Scotia Highways" by the Canadian Centre for Policy Alternatives, the study urges jurisdictions to stop using the model to build highways. The report concludes that governments should instead employ traditional public procurement, based on its findings that contracting out services through a P3 is more expensive than public procurement, has the potential to compromise highway safety, needlessly duplicates government services and lacks mechanisms for public accountability. “Public infrastructure and services should remain fully...

Trump campaign claims victory in battle with leftist mayor over Minneapolis rally expenses

Why can’t America build or repair infrastructure on a par with countries in Europe or Asia? Why are our bridges, roads, and airports not what they should be? Aren’t we the richest and most technologically savvy country in the world? Who or what is holding us back? Kyle Smith of National Review has the surprising (and frustrating) answer.

The former UKIP leader took to Twitter to have a go at the EU Commission’s president over ridiculously expensive flights. Euronews reported that President of the EU Commission Jean-Claude Juncker had hired a private plane to fly to Turkey. The air taxi hire cost a whopping €63,000, the expenses form for which can be accessed here. Taking to Twitter, the ex-UKIP leader Nigel Farage had a go at the president by saying “That was just the bar tab.” His dig appears to point to the past allegations that Juncker has been publicly drunk, with Channel 4 reporting one possible incident...

Australia’s heath minister temporarily stepped down Monday while her travel expense claims are investigated. The scandal surrounding Minister Sussan Ley’s expense claims could trigger the first reshuffle of Prime Minister Malcolm Turnbull’s Cabinet since his government was re-elected six months ago. Ley has been under scrutiny since last week over allegations that she made taxpayers pay for personal travel in recent years, including to the tourist city of Gold Coast where she bought a luxury apartment in 2015. Turnbull said Ley had agreed to stand aside without ministerial pay while the prime minister’s department investigated whether her expense claims met...

What’s for lunch? If it’s a homemade sandwich or last night’s leftovers, you may be in good company. An increasing number of Americans are ditching $10 sandwiches and $12 salads in favor of food from home, according to new data from the research firm NPD Group. Lunch traffic is slowing at restaurants around the country, with weekday lunch visits down 7 percent compared to a year ago, the steepest decline since the beginning of the recession, data show. The reason? Nearly 40 percent of Americans now work from home (at least on some days), according to Gallup, and lunch out...

WASHINGTON – Congress voted Friday to put limits on the expense accounts ex-presidents get from American taxpayers. The bill, which cleared the House by voice vote, is heading to President Barack Obama's desk. The legislation sets an annual allowance of $200,000 a year for travel, staff and office costs that have become a standard part of life after the Oval Office. For former presidents who make money through books, speaking fees and other ventures, the allowance is reduced for every dollar in outside income in excess of $400,000. Both Bill Clinton and George W. Bush, like other former presidents before...

Don't get me wrong, there is STILL a lot I like about Las Vegas: cheap flights, lot of choices, inexpensive rental cars and relative proximity (six hour drive) to three of the four most important people in our lives: our grandchildren. But this time, we agreed to a three night stay at a brand name hotel along the strip in return for listening to a time share spiel, which we politely declined. It is a LOT different from the Las Vegas I knew as a pup when I was single and working in the LA area and my kid brother...

Washington - Bill Clinton, George W. Bush and other former presidents who earn lucrative speaking fees and draw other income would no longer be able to count on taxpayer dollars to pay for their post-White House office space and staff under a bill in the House. On a voice vote, the House Oversight panel backed a measure Tuesday to limit taxpayer dollars for expenses, including travel, incurred by ex-presidents who earn more than $400,000 a year. U.S. taxpayers paid a total of $3.5 million last year in pensions and benefits to the four living former presidents, including $1.3 million for...

What happens when a non-profit that was started to help veterans becomes the neighborhood bully? For a charity supposedly devoted to helping veterans, the Wounded Warrior Project spends an enormous amount of time suing or threatening to sue small non-profits—spending resources on litigation that could otherwise be spent on the vets they profess to serve. At issue is the Wounded Warrior Project’s brand: the charity has become particularly litigious over the use of the phrase ‘wounded warrior’ or logos that involve silhouetted soldiers. At least seven such charities have discussed their legal problems with The Daily Beast. The Wounded Warrior...

With these Liberals, can a “Goodness Commissioner” be far behind? The fact that an appointee of Ontario’s Liberal government, a former federal Liberal MP, was charging taxpayers so to travel in style and that there was no small expense she wouldn’t pass along, was no surprise. What was indeed a shock is the province of Ontario has a Fairness Commissioner. Who knew? Earlier this week, Ontario’s Fairness Commissioner was questioned about her expenses. According to PC MPP Monte McNaughton, the commissioner, Jean Augustine, billed the taxpayer for $3,400 in limousine rides and $3.40 for airplane headphones. In addition to these...

A survey from the Bureau of Labor Statistics found that the average income for families of all sorts decreased from 2012 to 2013 by $103 to $65,069 before taxes, but their expenses went up by $777 a year to $51,408. ... The biggest share of the increased expenses of the average American household went to transportation, which cost a total of $8,999 a year, or $494 more than the previous year, as a result of purchase prices going up.

(Reuters) - Prime Minister David Cameron's handling of an expenses scandal engulfing one of his ministers has put him under pressure before European elections, threatening his Conservative party's already clouded electoral outlook. Cameron, whose party risks being beaten into third place in next month's European Parliament elections behind the anti-EU UK Independence party (UKIP), has stood by Maria Miller, Britain's minister for culture, since a parliamentary report ordered her to pay back wrongly claimed expenses last week. But the media and public backlash against Miller shows no sign of abating despite Cameron's efforts to end it. Many of his own...