Getty Images
- Some HENRYs — high earners, not rich yet — are over-saving for retirement.
- While most Americans are struggling to save enough, some wealthier Americans are being overly cautious.
- Over-saving could lead people to sacrifice what matters to them in the short term.
Across the country, millions of Americans are struggling to save enough for a comfortable retirement, but for a small group of wealthier Americans, over-saving is also causing some problems.
Among some HENRYs — or high earners, not rich yet — over-saving for retirement is a major pain point, according to Priya Malani, founder and CEO of Stash Wealth, which assists HENRYs with their financial futures.