People employed in New York companies providing investment and banking services will receive high bonuses – writes CNN. The pool, which leading players want to spend on prizes, reached a record level of $ 47.5 billion this year. This is an increase of as much as 34 percent compared to last year.
As CNN writes, the average bonus paid to employees also reached a record level $ 244,700which is an increase of 31.5 percent compared to the previous year. The bonus season at Wall Street lasts until March and, taking into account the estimates published on Wednesday morning, it was a lucrative beginning of spring for over 200,000 people working in New York companies dealing with securities.
Wall Street. Record bonuses
New York State Controller Thomas P. Dinapoli. He pointed out that such high prizes result from as much as 90 percent. Wall Street's increase last year.
– The record high pool of bonus reflects very good results at Wall Street in 2024. The strength of the financial market is good news for the New York economy- he emphasized.
As CNN notes, “the average Wall Street bonus still definitely exceeds the annual income of average households in the USA”. “This year it reached a level three times higher than $ 80,610, the median of household earnings,” CNN writes, citing the US Cesus data for 2023.
2025 may not be so fruitful
Despite the recent boom, Dinapoli stipulated that 2025 may not be so fruitful because of the growing economic uncertainty and administration policy USA.
Dinapoli did not specify what changes in politics he meant. CNN, however, draws attention to the impact of duties imposed by Donald Trump. They include customs tariffs and changes in the management of regulatory agencies. “The world of business and investors do not know how to react to it, and consumer trust has fallen to the lowest level since January 2021,” describes CNN.
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