Americans are drowning in a record $1.2 trillion of credit card debt, according to the Federal Reserve Bank of New York. In just the last quarter of 2024, balances skyrocketed by $45 billion, fueled by holiday spending, pushing debt 7% higher than the year before. Meanwhile, delinquencies remain rampant, with another 7% of balances slipping into overdue status in the last year.
2025 was a pretty good year for US stocks... and new data suggests it was an even better one for workers on Wall Street itself.
In a year that saw pretax profits on the Street rise more than 30% to a record $65 billion, dealmakers, traders, and wealth managers raked in ~$246,900 in bonuses on average — an all-time high — per a new report from New York State Comptroller Tom DiNapoli published on Thursday.
According to DiNapoli, last year’s record $49.2 billion bonus pool (estimated using income tax data without including stock options or other deferred compensation) reflects Wall Street’s “strong performance for much of last year, despite all of the ongoing domestic and international upheavals.”
Software developers sit nearly all day and make six figures. Fast-food workers are on their feet almost nonstop, and earn about $30,000 a year.
