Wall Street Bonuses Diverge: Junior Bankers See Cuts While Executives and Ultra Wealthy Continue Living Large

Junior bankers received smaller bonuses this year, with some getting $30,000 or even $0 compared to the $100,000 they expected. This is causing many to threaten to quit or cut back on spending.

However, the top 0.1% on Wall Street is still living large thanks to stock market gains and crypto like Bitcoin soaring, so their wealth is unaffected.

While senior executives sympathize with junior bankers, their personal fortunes have surged 30-160% from assets in stocks, crypto, etc.

The ultra wealthy are cutting back in small ways, like flying private jets slightly less or renting cheaper luxury cars.

But the rich are still prioritizing "experiences" and vacations, while reducing spending on regular consumption.