Wall street bonuses are expected to rise 20% to 25% over last year [WSJ] which was already a good year. Investment bankers are expected to reap the largest gains [NYT].
Historically, bonus money flows through the real estate economy in New York at the beginning of the year. Wall Street provides in the vicinity of 20% of personal income and only 6% of the jobs. Its important to the real estate economy.
Other Bonus Stories
Manhattan After The Hoopla Over A 12.7% Drop: What Really Happened In 3Q 05? [Matrix]
Brokers Anticipate Sales Boost As Wall Street Awaits Bonuses [NY Sun]
Tags: Wall Street Bonus