The average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year’s average of $240,400, according to estimates released Thursday by New York State Comptroller Thomas DiNapoli. The 2022 bonus figure is more than twice the median annual income for US households. Rising interest rates, recession fears and Russia’s invasion of Ukraine hurt Wall Street firms’ bottom line.
7 billion — and the largest drop since the Great Recession. Nevertheless, an average bonus payout of $176,700 is nothing to sneeze at, considering the most recent Census figure for median US household income was $70,800 in 2021. For New York City and New York State coffers, bonus season means a welcome infusion of revenue, since employees in the securities industry make up 5% of private sector employees in NYC and their pay accounts for 22% of the city’s private sector wages.
I don’t care.
Oh, the poor rich people, I feel so bad for them
Guess they're going to have to cut back on the avocado toast
Still 40% to much.
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Blimey, how on earth will they manage on that pittance 😱
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How will they survive?
Very sad. This is tragic. Whatever are they going to do? How will they survive?
Ahhhhh poor babies .. that’s more than most Penske in a year do we feel sorry for them? No
Finally, some good news.