“A 26% decline brings the average bonus closer to what financial employees received prior to the pandemic. “Wall Street’s cash bonuses were expected to fall as several factors weighed on the securities’ industry profitability in 2022,” DiNapoli said. As a result, bonuses returned to pre-pandemic levels, which will mean a decline in related income tax revenue, as anticipated by New York state and the city. Rising interest rates and fear of a recession led to significantly less profits on Wall Street after a record year in 2021. Share Wall Street’s 2022 average bonus paid to securities employees dropped to $176,700, a 26% decline from the previous year’s $240,400, according to New York State Comptroller Thomas P.
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