The Average Wall Street Bonus , Decreased by 26% in 2022.<br />According to estimates released on March 30 by <br />New York State Comptroller Thomas DiNapoli.<br />the average yearly Wall Street bonus dropped from $240,400 to $176,700 last year.<br />CNN reports that last year's bonus is still <br />over "twice the median annual income" <br />than American households.<br />According to the Census Bureau, average U.S. household income in 2021 was $70,800.<br />Wall Street firms were affected by <br />inflation, Russia's war in Ukraine and <br />fears of recession, among other things.<br />Wall Street firms were affected by <br />inflation, Russia's war in Ukraine and <br />fears of recession, among other things.<br />Wall Street firms were affected by <br />inflation, Russia's war in Ukraine and <br />fears of recession, among other things.<br />A 26% decline brings the average bonus closer to what financial employees received prior <br />to the pandemic, Thomas DiNapoli, New York State Comptroller, via statement.<br />CNN reports that in 2021, Wall Street <br />firms had a $42.7 billion bonus pool.<br />Last year, the pool was at $33.7 billion, marking the biggest decrease since the Great Recession.<br />The lower bonuses are projected to respectively bring <br />in $208 million less and $457 million less in city and <br />state tax revenue compared to the previous year.<br />While lower bonuses affect income <br />tax revenues for the state and city, our economic recovery does not depend solely <br />on Wall Street. Employment in leisure and hospitality, retail, restaurants and construction must continue to improve <br />for the city and state to fully recover, Thomas DiNapoli, New York State Comptroller, via statement
