"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