High Earners, Not Rich Yet (HENRYs)

Written by:
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades.

Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers. While there, Paul authored and edited thousands of financial research briefs, was published on Nasdaq. com, Yahoo Finance, and dozens of other prominent media outlets, and appeared as a guest expert at prominent radio shows and i...

View all posts
Updated August 5, 2020

High Earners, Not Rich Yet (HENRYs) are young, usually well educated, and highly paid but have not accumulated significant wealth yet.

HENRYs often earn $250,000 to $500,000 per year per household, usually placing them in the top 2% of American household income. They are often two-income families and not part of the highest echelons of wealth, but they own many of the country's small businesses. According to one report, they tend to live in modest homes, particularly if they live in high-cost cities. Many are subject to the Alternative Minimum Tax (AMT).

A Fortune magazine writer coined the term in 2003.

HENRYs are a controversial group. They are often self-made, meaning that they have worked their way through school and up the ladder, but they are also in very high tax brackets and were targeted in several elections as having to pay their "fair share" of taxes.

Ask an Expert about High Earners, Not Rich Yet (HENRYs)
At InvestingAnswers, all of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about High Earners, Not Rich Yet (HENRYs).
Be the first to ask a question

If you have a question about High Earners, Not Rich Yet (HENRYs), then please ask Paul.

Ask a question

Read this next

Don't Know a Financial Term?
Search our library of 4,000+ terms
 - profile
Ask an Expert about High Earners, Not Rich Yet (HENRYs)

By submitting this form you agree with our Privacy Policy