Why high-earning Americans do not feel rich
Approximately 14% of all US households earn 200,000 dollars or more money per year According to 2023 census data.
However, an important salary has not been transformed into large account balances for some of these consumers – experts call “Henrys” or “high -rich high earnings”.
Experts, increasing costs, debt and lifestyle creeping may make them feel stuck. Approximately two -thirds or 62%of people with salaries of over $ 300,000 annually with credit card debt New survey BHG Financial Found. Other reports found that many six -digit winners are still experiencing salary.
“Winning does not actually make you feel rich; spending,” clinical psychologist Sabrina Romanoff said. “If most people had 99% of the salary check, they would feel quite rich. And this paradox is very difficult to feel rich in accumulation mode.”
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The Americans say they need to earn $ 520,000 a year to feel rich. 2024 Bankrate Survey.
They say how much money people should make and feel comfortable. The Americans, who made less than $ 50,000, said that they need an average of $ 157,000 a year to live comfortably, while those who won at least $ 100,000 would need $ 246,000.
‘I feel privileged but I don’t feel rich’
39 -year -old Marie InContrera was depicted in his apartment in Manhattan.
Kaan Oguz | CNBC
39 -year -old Marie InContrera worked as a professional composer, group leader and pianist before starting the virtual assistant business in 2016. He then expanded his work to a digital marketing consultancy agency during his pandemi.
Career pivot increased his income. InContrera expects business revenue to be about $ 1.4 million for 2025. This year, a owner is waiting for a $ 300,000 to $ 400,000 lottery.
“Most of my 20s had a very successful career as a musician.” “But I didn’t tell you about his career as a musician at the music school, I was earning $ 15,000 a year, where you could play Carnegie Hall, where I was.”
Although his income goes from $ 15,000 to $ 300,000 a year, InContrera still doesn’t feel rich.
“At that time, I thought I would be rich in the amount of money I had in the bank at the moment, right? Just ‘Oh, yes, he did’ … And I don’t feel that way.” “Almost now has more money anxiety than I am in my 20s.”
“I feel very lucky. I feel privileged, but I don’t feel rich, In InContrera said. “I know I’m in a Hamster wheel with my job. In fact, I really love the Hamter wheel. I love the job I do, but I also understand that I can’t stop.”
Experts, this is not unusual.
Kamila Elliott, CEO of the Asset Management Company in Atlanta, Kamila Elliott and CNBC member Kamila Elliott, said, “I can make good money, but I don’t have too much optional income,” he said. Financial Advisor Council.
“One of the things I focus on with my customers is that a budget should be a representative.” He said. “The problem is that you cannot value everything … Perhaps you need to choose one or two things to focus on your optional expenses, and then you should save it in order to take extra and start to feel rich.”
Watch video Above, to find out that the spending habits can make you feel like a Hamster wheel that does not end even the high winners.
