Wall Street Bonuses See Significant Drop in 2022.
TL;DR Summary
The average Wall Street bonus fell 26% in 2022 to $176,700, the lowest level since 2019, due to falling profits as inflation rose and recession fears hit. The bonus pool was $33.7bn, down 21% from 2021's record of $42.7bn. The average CEO's wage gap with regular US workers jumped to 670-to-one. Wall Street accounts for 22% of New York's tax revenue and 8% of tax collections for New York City.
- Average Wall Street bonuses plummeted in 2022 to $176,700 The Guardian
- The average Wall Street bonus fell by 26% last year CNN
- Wall Street Bonuses Fall by Most Since 2008 The Wall Street Journal
- Wall Street bonuses fell 26% last year -- lowest since 2019 New York Post
- How Much Was the Average Wall Street Trader's Bonus? Barron's
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