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Bonus Spending Guide: Indulgent Treats That Are Also Good Investments
Just because it’s a fun splurge doesn’t mean it can’t also be a smart place to put your money.
This year on Wall Street, bonuses are bigger than in a decade. Morgan Stanley, JPMorgan Chase & Co, and Goldman Sachs have bumped bonuses for dealmakers by 30%, 40%, and even 50%. And as employers across the board face a mass exodus as part of the pandemic-inspired “great resignation,” compensation packages are swelling in many other industries as well in the new year.
If you’re among the lucky workers getting a bonus, after you’ve done all the serious stuff—set aside for your kids’ college, your retirement, or that house you’ve been eyeing—what should you splurge on?