The Average Wall Street Bonus , Decreased by 26% in 2022.
According to estimates released on March 30 by
New York State Comptroller Thomas DiNapoli.
the average yearly Wall Street bonus dropped from $240,400 to $176,700 last year.
CNN reports that last year's bonus is still
over "twice the median annual income"
than American households.
According to the Census Bureau, average U.S. household income in 2021 was $70,800.
Wall Street firms were affected by
inflation, Russia's war in Ukraine and
fears of recession, among other things.
Wall Street firms were affected by
inflation, Russia's war in Ukraine and
fears of recession, among other things.
Wall Street firms were affected by
inflation, Russia's war in Ukraine and
fears of recession, among other things.
A 26% decline brings the average bonus closer to what financial employees received prior
to the pandemic, Thomas DiNapoli, New York State Comptroller, via statement.
CNN reports that in 2021, Wall Street
firms had a $42.7 billion bonus pool.
Last year, the pool was at $33.7 billion, marking the biggest decrease since the Great Recession.
The lower bonuses are projected to respectively bring
in $208 million less and $457 million less in city and
state tax revenue compared to the previous year.
While lower bonuses affect income
tax revenues for the state and city, our economic recovery does not depend solely
on Wall Street. Employment in leisure and hospitality, retail, restaurants and construction must continue to improve
for the city and state to fully recover, Thomas DiNapoli, New York State Comptroller, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
President Volodymyr Zelenskyy said Ukrainian troops continue to fight tooth and nail for the eastern city of Bakhmut in a bid to prevent President Putin from claiming "victory" to the world.
Credit: euronews (in English) Duration: 01:46Published
Hundreds of worshippers have attended a service at a historic Kyiv monastery, accused of maintaining links with Moscow, as the deadline for the eviction of its monks dawns.
Credit: euronews (in English) Duration: 01:14Published
Ukraine's President Volodymyr Zelenskyy met with British actor Orlando Bloom in Kyiv on Sunday. Bloom, who is also a UNICEF goodwill ambassador, arrived in the capital over the weekend and visited Kyiv's suburb of Irpin.
Credit: euronews (in English) Duration: 01:49Published
Two Russian strategic bomber planes flew over the Sea of Japan for more than seven hours yesterday, as Japanβs prime minister was beginning his visit to Ukraine. During the flights, which lasted over seven hours, the bombers were escorted by Su-30 and Su-35 fighter jets. The Tupolev Tu-95MS planes are capable of carrying nuclear weapons and Moscow regularly flies them over international waters in the Arctic, North Atlantic and Pacific as a show of strength. Russian Defence Ministry ministry said that none of the aircraft intruded into the airspace of any other country and that it strictly observed international law iwhile conducting the flights.
#Russianbombers#Seaofjapan#Tu95ms
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