The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation.he biggest group affected by cost-of-living raises is Social Security recipients. Some employees have contracts that include automatic cost-of-living raises. Others work for companies that voluntarily increase pay to keep pace with inflation.
Opinions vary among economists about the effects of population change on a nation's economic health. US scientific research in 2009 concluded that the raising of a child cost about $16,000 yearly ($291,570 total for raising the child to its 18th birthday). In the USA, the multiplication of this number with the yearly population growth will yield the overall cost of the population growth.