Wall Street bonuses are a success in 2022.
In keeping with analyzed data based on the Recent York State Comptroller, those employed in the “securities industry” in Recent York saw their bonuses drop by 26% – from a median of $240,400 in 2021 to $176,700 in 2022, reported Bloomberg.
Securities professionals are individuals who participate in cases undertaken by large financial institutions – including underwriting the issuance of securities and assisting in the buying and selling of commodities or securities.
The controller’s report said the full pool of securities employees’ bonuses in 2022 was $33.7 billion, up from $42.7 billion a yr earlier. Along with the deplorable effects on the town’s coffers, the decline was “the largest decline because the Great Recession,” based on report.
Average bonuses for stock industry employees have risen 75.2% since 2008, leftist think tank Institute for Policy Studies said in the report published Thursday, which analyzed Comptroller data and Bureau of Labor Statistics data.
“In contrast, the typical weekly earnings of all U.S. private sector employees rose only 54.4 percent over the period,” wrote IPS,