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The typical HENRY — high earner, not rich yet — is 32, lives in a city, and makes six figures. The typical HENRY — or high earner, not rich yet — is an urban 32-year-old without kids, makes a six-figure income, and has lots of student debt. This is according to data on 1,500 clients shared with Insider from Stash Wealth , a financial advisor for HENRYs . Five HENRYs told Insider they're saving upwards of 40% to 70% of their income each year. Given many HENRYs got an undergraduate degree, with some pursuing doctorates, student loans are particularly elevated, as the average HENRY student loan balance comes in at $80,000.
Persons: HENRY, HENRYs, , HENRY —, Priya Malani, Savannah White, She's, White, Gen, Sherry, Zer, Malani, Sarah Baus, it's, Baus Organizations: Service, HENRYs, Shash, Federal Reserve's Survey, Consumer Finances, Bank of America Institute, Olive, SC Locations: New York City, Los Angeles, Savannah, Charleston
"When some people look at our lives, they say we are really thrifty, that we must feel limited or that we are missing out, but I don't feel held back," White said. AdvertisementAdvertisementWhite is one of the so-called HENRYs — or high earners, not rich yet — who are often younger people with significant discretionary income but who still don't feel financially stable. For many HENRYs, living below their means is the key to relying less on their working income in the future. Coupled with saving for retirement and paying off student loans — averaging $80,000 among Malani's clients — many don't have much money to spend. "In a lot of ways, saving money gives us freedom."
Persons: Gen Zers, , hasn't, she's, White, Priya Malani, HENRYs, Malani, Sarah Baus, Baus, it's, splurging Organizations: Service, Hyundai Locations: Charleston, SC, Thailand, New York, California
Panera Bread is warning consumers "sensitive to caffeine" not to drink its Charged Lemonade. AdvertisementAdvertisementPanera Bread is making it clear that its Charged Lemonade is best enjoyed in moderation. Since the lawsuit, more people have come forward on social media with anecdotes and warnings about the Charged Lemonade. One TikToker, Sarah Baus, said she drank multiple cups of Charged Lemonade before realizing how much caffeine one serving contained. A large 30-ounce Charged Lemonade has about 390 milligrams of caffeine, according to the posted nutritional facts.
Persons: , Panera, lemonades, Sarah Baus, Red Bull Organizations: Service, Food and Drug Administration, NBC News, Getty, FDA
A college student went into cardiac arrest and died after drinking a 'Charged Lemonade,' a lawsuit alleges. AdvertisementAdvertisementThe parents of an Ivy League student are suing Panera Bread, alleging that their daughter went into cardiac arrest and died several hours after drinking a "Charged Lemonade" from the chain. According to the lawsuit, Katz had lived with a heart condition called long QT syndrome type 1 since the age of 5 and stayed away from energy drinks. The legal complaint was filed in the Philadelphia County Court of Common Pleas on Monday morning and it accuses Panera Bread of wrongful death. Panera's charged lemonade went viral on TikTok and X in December 2022 as consumers compared the drink to stimulants like Adderall.
Persons: Panera, , Sarah Katz, Katz, Victoria Rose Conroy, Conroy, Red Bull, Elizabeth Crawford, Kline, Specter, Sarah Baus Organizations: Service, Ivy League, University of Pennsylvania, NBC News, NBC, CNN, Panera's Locations: Philadelphia
Panera's Charged Lemonade is going viral on social media as users discuss its caffeine content. A regular 20-ounce lemonade contains 260 mg, the equivalent of drinking 2.5 cups of coffee. According to drink's nutrition facts on Panera's website, a regular 2o-ounce Charged Lemonade contains 260 mgs of caffeine, while the large 30-ounce size boasts 390 mgs. The Charged Lemonade is on-par with energy drinks like a 24-ounce can of Monster Energy, which has 240 mgs. "This Panera drink thing is how I know y'all would try crack if it was presented in a different way," wrote another.
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