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The New Challenge Facing 'Henrys'

2020-06-21 0 Dailymotion

The term 'Henry' stands for 'high earner, not rich yet.' It's typically used for 30-something millennials who earn over $100K but spend too much.<br />But novel coronavirus pandemic lockdowns stripped Henrys of some of their favorite splurges, like traveling and entertainment.<br />On the upside, financial experts tell Business Insider the Henrys finally started to save.<br />But now, reopening the economy is presenting them with a new challenge: resisting a return to their profligate ways.<br />Stash Wealth partner Priya Malani encourages Henrys to stash excess cash in a high-yield savings account, to create an emergency fund.<br />If you lose your job in the coming months, you have a cushion to soften the blow. Priya Malani Stash Wealth

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