More than half of high-income workers would use targeted support to guide their investment decisions, a new report has revealed.
Henrys, which stands for 'High earners, not rich yet,' is a term used to describe people who earn £100,000 or more but don't have large amounts of money in savings or investments.
This is partly due to factors like high housing and childcare costs, student loans and the 60 per cent tax trap which affects those earning between £100,000 and £125,140. per year. Spending on an aspirational lifestyle can also play a role.
According to the wealth manager Quilter, 51 per cent of Henrys say they would like 'targeted support' on where to invest.
This is a bigger proportion that the wider population, of which around 40 per cent said they would like support to guide their investment decisions.
