Your Paycheck is Getting SMALLER!

Chris breaks down why the record-high average paycheck of $1,221.42 isn’t the good news it seems. Inflation has eroded the real value of your earnings, leaving you with less buying power than in 2021. Markowski uses clear examples to show how dollars today are worth less, making it harder for your paycheck to stretch. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
And your paycheck is getting small remember that from airplane
and Leon's getting large. I hope your paycheck is getting smaller. Yeah,
today I had the again another great opportunity to see
some member of the media, member of the media out there, won't.

Speaker 1 (00:37):
You look look at the look at.

Speaker 2 (00:39):
The numbers here, Oh my god, the average Americans paycheck
and Novembers that are record high and forty two cents. Again,
it's either one of two things, Okay, Either you don't

(01:01):
have a clue, you just don't know, okay, you're just
ignorant of how the world works. Or you're lying to people.
That's it, because you're you're just wrong. Yeah, the paycheck
at one and twenty one dollars and forty two cents,

(01:21):
that's that's great. But there we put it to you
this way. Ask a kid which weighs more a pound
of lead or a pound of feathers, and kids go, hey,
you know you pound of let no, no, they're the same.
Pound is a pound. A dollar is not a dollar.

(01:44):
A dollar from twenty twenty one is not a dollar
in twenty twenty four. It's you can't use it as
any sort of benchmark or measurement. Let me explain it
to you this way, Okay. Saquon Barkley. Saquon Barkley is

(02:05):
he could break Eric Dickerson's rushing record this year. Now
you can compare the rushing record between Eric Dickerson and
Saquon Barkley, because a yard's a yard. A yard for
Eric Dickerson is a yard for Saquon barleyy. A dollar

(02:26):
from twenty twenty one is not a dollar today. If
you factor in inflation and what a dollar is today,
you uh, it brought in one hundred and seventy six
dollars in eighty three, eighty six cents less than it
did in twenty twenty one. That is the reality. You're

(02:48):
making less money. You're making less money today than you
were in twenty twenty one. That is because of you
want to call it theft, you want to call it
a tax, call it what you will. Your dollar is

(03:10):
not worth the same, your paycheck is not worth the
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