youtube
About 14% of American households make $200,000 or more every year, according to the U.S. Census. But many of them, dubbed “HENRYs,” or High Earners, Not Rich Yet, still don’t feel rich. More than 60% of people with salaries over $300k a year struggle with credit card debt. These figures could be signs of the inescapable nature of lifestyle creep, which is the phenomenon of unconsciously spending more as a person earns more. Watch the video above to learn how those spending habits can leave even high earners feeling like they’re on a never-ending hamster wheel.
0:41: Correction - This video has been updated to reflect that about 14% of U.S. households earn $200,000 or more annually, according to the U.S. Census.
Chapters:
0:00 Introduction
1:52 Getting on the hamster wheel
4:08 Why high earners don’t feel rich
8:35 Getting off the hamster wheel
Produced, Shot and Edited by: Charlotte Morabito
Additional Camera: Kaan Oguz
Animation: Emily Park, Jason Reginato
Intern: Kae Park
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images, Marie Incontrera
» Subscribe to CNBC:
» Subscribe to CNBC TV:
» Watch CNBC on the go with CNBC+:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to stand out, grow your network, and get more job opportunities? Sign up for Smarter by CNBC Make It's new on
|
2025/07/24
youtube
