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The Clark Howard Podcast

03.05.25 Most Affordable States / What To Know About Tariffs

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 5 March 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

Clark shares data showing how far your dollars will go in retirement depending on where you live in the country. The differences from state to state, even within the same region - are remarkable. Also - Clark discusses how tariffs affect the economy and what to prepare for as consumers and as workers The Cost Of Living By State: Segment 1 Ask Clark: Segment 2 Tariffs: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Mapped: How Far $1 Million Gets You in Retirement, by U.S State How To Freeze and Unfreeze Your Credit With Experian, Equifax and TransUnion Are Money Market Funds a Safe Place To Stash My Savings? Vanguard Review: Pros & Cons   /   Vanguard Personal Advisor Review What Is a Fiduciary Financial Advisor and Do I Need One? What Are Index Funds? What Is an Annuity, and Why Does Clark Think They Stink? Clark's Updated Way To Shop for Car Rental Deals Cheapest Way to Rent a Car: Expert Tips 17 of the Best High-Yield Online Savings Accounts in February 2025 High-Yield Savings Account (HYSA) Calculator Clark.com resources Episode transcripts Community.Clark.com  /  Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's great to have you here on the Clark Howard Show.

0:07.5

You know, our mission is to serve you with advice and information that empowers you so

0:12.6

you make better financial decisions in your life.

0:16.5

In today's episode, I saw a map of how far your money goes in different states, depending on where you choose to live in the country.

0:26.5

And some of it would be obvious to you.

0:29.7

Hawaii is the most expensive place in the United States to live.

0:34.0

But a lot of the things are not so obvious.

0:37.6

I want to share some of this data to you.

0:40.1

If you're somebody who has itchy feet

0:41.7

and you're trying to figure out

0:42.8

where's the most affordable place to live,

0:45.8

I got the data for you.

0:48.2

Also, I want to hit you with the latest on tariffs,

0:52.2

what kind of things you need to be aware of because people are so

0:56.3

confused about what tariffs are going to mean to our economy as we move through the year,

1:04.1

and more important to your own wallet and the security of your own job. And I'll talk about that

1:09.7

later. So I don't know if you've ever looked

1:13.3

at visualcapitalist.com. They do wonderful research about various economics things and then distill

1:22.2

them down into very simple charts, or in this case, a map of the United States.

1:30.1

And they have taken data on, and specifically they were looking at, like,

1:35.2

how long would your money last in retirement?

1:39.1

And so it's a scale that shows, in this case, they took a theoretical amount of money

...

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