Most parents are still giving money to their young adult kids, survey found

Tech Insider : Economy
A photo of a college student and their parent working on financial aid documents at home.
59% of parents say they financially assist their young adult children.

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I'm a 26-year-old HENRY. I'm in the top 1% of earners and a homeowner — I won't be happy until I'm completely financially free.

Tech Insider
Ben Ruan, a man in beige coat taking a selfie in a mirror.
Ben Ruan bought a house in Central London with his high tech salary.

Ben Ruan

It's a terrible time to be a HENRY

Tech Insider : Economy, Economy
Couple in shop

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Here's why wealthy Americans say it's getting harder for them to get richer

Tech Insider : Economy, Economy
Home with a moving truck and movers carrying a sofa.
The housing market is contributing to many wealthy Americans' gloomy feeling about their futures.

Yellow Dog Productions/Getty Images

HENRYs are turning to a little-known and risky type of mortgage as home prices soar

Tech Insider : Economy, Economy
A FOR SALE sign is displayed outside a property on Madison Ave. in Toronto.
Interest-only mortgages were much more strictly regulated after the financial crisis, but now higher-income borrowers are turning to them as home prices stay high.

Lance McMillan/Getty Images

How HENRYs are investing and spending in the face of an uncertain economy

Tech Insider : Economy
Miles Goodloe (left), Domenic Boresta (middle), and Robert Oszust Jr. (right) are all HENRYs.
Miles Goodloe (left), Domenic Boresta (middle), and Robert Oszust Jr. (right) are all HENRYs.

Miles Goodloe/Domenic Boresta/Robert Oszust Jr.

Meet the typical HENRY: Urban 32-year-olds with no kids who make a six-figure income and have a college degree

Tech Insider : Economy
A couple with luggage enters a hotel.
Many HENRYs still invest in vacations while cutting back on material goods.

Klaus Vedfelt/Getty Images

Some HENRYs are saving too much for retirement — and it may backfire

Tech Insider : Economy
Three young people eating burgers
Some wealthier millennials and Gen Zers are over-saving for retirement.

Getty Images

How some HENRYs are aggressively saving their around 6-figure incomes while still splurging on what matters most to them

Tech Insider : Economy
Savannah White and her husband.
Savannah White and her husband only spend on what makes them happy.

Savannah White

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