Posted 11/22/2023, 4:57:00 PM
High Earners with Big Debts: The Financial Balancing Act of HENRYs Making Over $100k
- HENRYs (high earners, not rich yet) make over $100k but have worries about saving and debt
- One HENRY has $120k debt and puts little into retirement, spending on social life instead
- Some HENRYs save 50% of income for retirement and investments to achieve financial stability
- Despite high incomes, many HENRYs are uncertain about economy and healthcare/childcare costs
- HENRYs have range of saving strategies - some invest heavily while others prioritize family goals