Median Household Purchasing Power for the 50 States and DC: 2023 Update

Published on January 16, 2025

Earlier this week we posted an update on the median household income for the 50 states and DC which includes annual data from 1984 to 2023. Let's now look at the actual purchasing power of those median incomes. For this adjustment, we're using the "C2ER Cost of Living Index" produced by C2ER, the Council for Community and Economic Research.

Continue reading on website
Other news

As Wire Fraud Claims Rise, Advisors May Find They Aren't Properly Insured

January 16, 2025
An advisory firm needs to protect itself to ensure that it isn't on the hook for these liabilities.      Related Stories3 Ways to Thrive as a Mid-Career AdvisorMorningstar Rolls Out Advisor Software SuiteThe Social Security Fairness Act Is Law. Here's What Advisors Should Do Now.

How to ‘Bulletproof' a Will With a No-Contest Clause

January 16, 2025
Early and consistent communication reduces estate planning conflict, but legal mechanisms are also available when challenges are expected.      Related StoriesPrivate Markets Access Is a Must-Have for RIAs: OptoWhat It Takes to Succeed in Advising Wealthy ClientsHow HNW Families Can Protect Themselves and Their Wealth: Study