The Wall Street Bonus Season runs till March and on Wednesday (26), based on the estimates released on Wednesday (26), more than 200,000 lucrative spring for securities in New York City.
The entire bonus fund reached a record of $ 47.5 billion, which increased by 34% compared to last year, the New York State Controller Office Thomas P. Dinapoli said. The average bonus paid to employees has also reached a record of 31.5% compared to the previous year.
Large bonus payments follow 90% of Wall Street gains last year, as Dinapoli pointed out in a statement. “Bonus Record reflects the strong performance of Wall Street in 2024. This strength of the financial market is good for the New York economy and our financial position depends on the tax revenue produced.”
Maximum records depend on nominal dollars. When adjusting by inflation, 2006 still takes the title. That year, the total bonus amount was.3 34.3 billion, and the average payment bonus was $ 191.4 thousand. According to the Bureau of Labor Statistics Inflation Calculator it is more than 7 307,000 in $ 2025.
Record or, average Wall Street bonus still exceeds the average US family income. This year, the average family gains reported by the US Census until the bonus 2023, three times higher than 80,610.
DinaPoli expectations depend on tax retention trends on cash bonuses paid for work in 2024, as well as postponed bonuses from previous years protected last year.
However, these amounts of action options or other postponed salary and any taxes have not yet been kept.
New York Prospera when Wall Street goes well
Although the lesser part of the security industry employees in New York City compared to the past, they now generally own 18% sector, less than 33% in 1990 – according to data from the DinaPoli office that it is still the largest part of any state. And these employees are the main contributor to the state and local economy, one of the 11 jobs in the city is directly or indirectly connected to the security sector.
DinaPoli found that the Wall Street had 19% taxes collected by New York State and 7% paid to the city. Regarding the previous year’s tax collection, this year’s bonuses are estimated to earn only 600 million in state income and $ 275 million in municipal income.
He found that nearly 18% of the city’s normal economic activities were responsible for Wall Street and that there were high rates to return to the office in New York City.
Great profits in 2024. But what about this year?
On the future, Dinapoli stated that “the growing uncertainty in the economy in the economy will hurt the attitude of the securities sector in 2025 amid significant changes in the federal system.”
DinaPoli does not specify any changes in the politics he referring to. But President Donald Trump’s chaotic intermittent implementation of controversial tariffs, in American relations with its friends, has left uncertain investors on how to continue and continue in the business of the business, and increased consumer confidence in the economy since January 2021.
