April 19, 2018
Wall Street bonuses in 2017 were the highest since 2006
The average Wall Street bonus in 2017 was three times what most U.S. households make all year, according to data released by the New York state comptroller on Monday. Wall…
The average Wall Street bonus in 2017 was three times what most U.S. households make all year, according to data released by the New York state comptroller on Monday.
Wall Street bonuses increased 17 percent last year compared to the previous year, hitting an average of $184,220 — the highest average payout since before the financial crisis.
Experts say bigger bonuses for bankers reflect a revival on Wall Street as the Trump administration begins dialing back federal efforts to rein in pay by the Securities and Exchange Commission and other agencies.
Bank stocks rebounded last year under the prospect of rising interest rates, faster growth, and deregulation. Last year, Wall Street bankers raked in a total of $31.7 billion in bonuses.
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