Making Six Figures but Still Stressed: Who are the Millennial HENRYs?
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HENRYs are typically urban 32-year-olds making six figures but with no kids and lots of student loan debt.
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Though earning over $100k, many HENRYs are cautious spenders and savers, stashing away 50% or more.
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High earners worry about their financial future despite incomes in the 80th-90th percentile range.
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HENRYs tend to have expensive degrees but now face sluggish wage growth and high costs like childcare.
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To save, some HENRYs clip coupons and limit spending on non-essentials like dining out and entertainment.