What's The [Data] Point? Episode 35 -- 17%, with Tom DiNapoli [You can download What's The [Data] Point? wherever you get your podcasts, including on iTunes]
Comptroller Tom DiNapoli just released his annual report on Wall Street, and 17% -- this episode's data point -- is the increase in the average bonus paid by the securities industry, more colloquially called Wall Street, in 2017. This brings the average bonus to more than $161,000. Wall Street profits were also up strongly in 2017, and so was employment -- however, employment is still 6% below the pre-recession level of 188,900.
On this report and much more, Comptroller DiNapoli spoke at a Citizens Budget Commission event and then sat with podcast hosts Maria and Ben for a few questions. Listen to DiNapoli's remarks, then make sure to stay tuned for that Q&A that touches on the state budget, response to federal tax cuts, activism in the pension funds and more.