Here's why so many millennials making 6-figure salaries still feel broke

[Recursion]

https://www.businessinsider.fr/us/why-henry-millennials-making-6-figure-salaries-feel-broke-2020-1

In case you were looking for something to hate-read...

Some millennials feel that their six-figure paychecks are stretching thin.

As Melkorka Licea reported for the New York Post in October, they are known as "Henrys." The acronym — short for "high earner, not rich yet" — was invented by Shawn Tully in a 2003 Fortune magazine article and has come to characterize a certain group of six-figure earners who are mostly millennials, Licea wrote.

According to the experts, the typical Henry earns over $100,000, is in their early 30s, and struggles to balance their spending and savings habits. As a result, they're behind in wealth-building and are not inching closer to their financial goals.

Their comfortable, if not lavish, lifestyle is partially to blame for feeling broke — but so too is an economy that seems good but has a lot of tensions bubbling under its surface.

[CaptYossarian]

1. So recreational drugs are as expensive as daily meds? Shocking.

[Farmer-Rick]

2. I have 2 very nice millennial children

Niether of them makes a 6 figure salary. They barely make ends meet.

The average millennial income is $35,000. But they are so loaded down with student debt and high rent it is more like $20,000.

https://www.google.com/amp/s/amp.businessinsider.com/average-american-millennial-net-worth-student-loan-debt-savings-habits-2019-6

[tazkcmo]

3. On under 18k/yr in 2018

I saved enough to buy a car. Cry me a river.