Wall Street Bonuses On The Decline Since Financial Crisis

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A Wall Street sign is seen in front of the New York Stock Exchange in New York City in 2006. (Mario Tama/Getty Images)
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Wall Street firms are expected to pay out bonuses that are 5 to 10 percent less than last year, according to the consulting firm Johnson Associates. In fact, bonuses have fallen by around a third since the financial crisis of 2009.

Here & Now‘s Jeremy Hobson speaks with business analyst Jill Schlesinger about what’s behind the decrease.

Guest

Jill Schlesinger, CBS News business analyst and host of “Jill on Money.” She tweets @jillonmoney.

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