The Reality of High Earning Millennials: Getting By, But Not Getting Ahead.
High-earning millennials, or the HENRY class, are finding it difficult to reach their financial goals despite making over $100,000 per year. A recent survey found that 34% of households making at least $100,000 per year are spending as much as they earn. The cost of living is creeping higher, making it challenging for high earners to get ahead. Student loan debt, childcare costs, and the pressure to keep up with peers' salaries are some of the financial anxieties that high-earning millennials face.