Wall Street firms paid employees an average bonus of $153,700 in 2018, according to numbers released by NY State Comptroller Thomas DiNapoli. It represents a 17% decrease from the previous year, nearly double the average income of an American household.
Wall Street firms paid employees an average bonus of $153,700 in 2018, according to numbers released Tuesday by New York State Comptroller Thomas DiNapoli.
“Despite a sharp decline in the financial markets in the fourth quarter of 2018, the securities industry still had a good year with increased profits and employment,” DiNapoli said in a statement. “Profits grew in 2018 and have nearly doubled since 2015. Bonuses declined in 2018, but the average bonus was still double the average annual salary in the rest of the City’s workforce.”
Critics of Wall Street said the dip in bonuses shouldn’t be taken as a sign that financial firms learned any lessons from the 2008 financial crisis.
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