High Earners, Not Rich Yet - HENRYs

High Earners, Not Rich Yet - HENRYs
A buzzword coined in a 2003 Fortune Magazine article to refer to a segment of families earning between $250,000 and $500,000, but not having much left after taxes, schooling, housing and family costs - not to mention saving for an affluent retirement. The original article in which the "high earners, not rich yet (HENRYs)" term appeared discussed the alternative minimum tax (AMT) and how hard it hits this group of people.

The HENRYs segment of the population was a hotly debated topic during the U.S. presidential race of 2008. The Democratic party often classified households earning over $250,000 as the "rich" and "wealthiest Americans". The problem with this classification is that it does not distinguish the cost of living in different areas in the U.S. For example, $250,000 would go a long way in Houston, but wouldn't provide anything like a lavish lifestyle in New York City.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • HENRY — n. A person with a substantial income, but who is not yet wealthy. [From the phrase High Earner, Not Rich Yet.] Example Citations: All these luxury brands are extremely vulnerable, unless they have been selling only to the truly rich who are… …   New words

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”