Bloomberg: Frugality of High Earners in U.S. Shows Long Shadow of Recession
by MR Magazine Staff
Jun 03, 2015
Both HENRYs, or high earners not rich yet (incomes of $100,000 to $249,000), and people who earn more than $250,000 a year are spending less on luxury goods, and it’s hurting the retailers that cater to them. Read more at Bloomberg.