According to this week's Time Magazine, things could be a lot worse this year for your average banker if it weren't for Joe Six-Pack kicking in a little of his Christmas Club savings account to help a brother out.
Johnson predicts the average managing director at an investment bank, a title typically earned around eight years on the job, will receive a bonus of $625,000. That's down from nearly $1.1 million last year, but it is still 15 times the income of the average American household.
So maybe Santa will make an appearance this year, after all. Here's the rest of the article:
