Wall Street salaries at 10-yr high
Wall Street workers have something to celebrate. Compensation in the financial industry is the highest in a decade. A report from the New York State Comptroller has said that the average Wall Street salary rose by 13 per cent in 2017 to $422,500, the highest compensation since 2008. The financial crisis precipitated by Lehman's collapse has reshaped the American economy. While Wall Street banks struggled for a few years after the crisis, many workers in other industries are still feeling its stifling effects. Median household income rose by 1.8 per cent in 2017 to $61,372 or about one-seventh of the average salary on Wall Street.