Data: Office of the New York State Comptroller; Chart: Axios Visuals
Average bonuses on Wall Street last year suffered their steepest fall since 2008's market bloodbath — dropping 26% from the year before to an average of $176,700, according to the Office of the New York State Comptroller.
Why it matters: It's another headwind for New York City and New York State, where revenues are heavily reliant on personal income taxes, which in turn are driven by Wall Street pay packages.
