"For Goldman Sachs bankers, the hottest dinner spot in 2026 could very well be their desks. As the year's anticipated dealmaking frenzy gets underway, the corporate merger machine is hungry, and investment banking advisors are too. Goldman has agreed to boost its nightly dinner allowance from $30 to $35 for employees working past 8 p.m in the office, Business Insider has learned."
"According to 2026 economic forecasts, the cost of "food away from home" is projected to rise another 4.6% this year, the USDA found. In a city like New York - where delivery fees, service charges, and tips can easily swallow half a budget - the last thing a junior banker wants to do when the clock strikes midnight is choose between a side dish or a drink."
Goldman Sachs raised its nightly meal stipend for employees working past 8 p.m. in the office from $30 to $35. The increase applies across the firm's nearly 50,000-person workforce and spans divisions from investment banking to asset management. The bank previously raised the stipend from $25 to $30 in 2022. The timing aligns with expectations for a strong year in mergers and acquisitions and reflects persistent food-cost pressures. USDA forecasts project "food away from home" prices to rise about 4.6% in 2026. In high-cost cities like New York and London, delivery fees, service charges, and tips can consume significant portions of a late-night budget.
Read at Business Insider
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