A HENRY, which stands for High Earner, Not Rich Yet, is a term used to describe individuals who earn a substantial income but haven't yet accumulated significant wealth. They typically fall within the top income brackets but haven't translated that income into substantial assets or net worth.
A millennial earning $150,000 a year, living in a city with high living costs, and struggling to save for a down payment on a house might be considered a HENRY.
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