{"id":170990,"date":"2025-09-30T18:40:14","date_gmt":"2025-09-30T18:40:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/170990\/"},"modified":"2025-09-30T18:40:14","modified_gmt":"2025-09-30T18:40:14","slug":"workers-on-100000-plus-worry-more-about-money-than-those-on-average-salaries","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/170990\/","title":{"rendered":"Workers on \u00a3100,000-plus worry more about money than those on average salaries"},"content":{"rendered":"

By ANGHARAD CARRICK<\/a> <\/a> <\/p>\n

Updated: 07:33 EDT, 30 September 2025 <\/p>\n

Higher earners worry more about money than those earning the average salary, according to a new survey.<\/p>\n

Four in five of those earning \u00a3100,000 say that their financial situation has a direct impact on their mental wellbeing, according to research by Revolut.\u00a0<\/p>\n

It is higher than the 75 per cent reported by those earning the average salary, between \u00a335,001 and \u00a345,000.<\/p>\n

These so-called ‘HENRYs’ – which stands for high earners not rich yet – say they are left with little at the end of the month after bills, taxes, higher mortgage rates<\/a> and lifestyle inflation<\/a>.<\/p>\n

While individuals earning \u00a3100,000 or more a year are in the top 4 per cent of earners, tax deductions mean they report that they do not feel wealthy.<\/p>\n

The personal allowance starts to be removed at \u00a3100,000, which has created an effective income tax<\/a> rate of 60 per cent for six-figure earners, until they earn \u00a3125,140, at which point the marginal tax rate falls to 45 per cent.<\/p>\n

\"HENRYs: <\/p>\n

HENRYs: Six figure earners worry more about money than those on an average salary<\/p>\n

Individuals who have not paid off their student loan debt will have to pay a rate of 9 per cent, and 6 per cent for postgraduates.<\/p>\n

Frozen tax thresholds mean that as wages grow, more people are brought into this tax trap and lose out on more of their income.<\/p>\n

A report by the IFS found that by the 2027\/28 tax year 8.9million taxpayers will pay higher rate taxes, compared to 7.4million now and 3.2million when the Conservatives came to power in 2010.\u00a0<\/p>\n

Revolut said that over a quarter of individuals don’t prioritise financial wellbeing, despite its impact, with a notable generational divide forming.<\/p>\n

A third of Britons spend little to no time on planning or saving, which rises to 45 per cent among Gen X.<\/p>\n

Gen Z spend nearly half the year – around 168 days – feeling stressed about money, with millennials closely behind at 156 days.\u00a0<\/p>\n

Men are also losing the equivalent of four months each year to financial stress, while women are closer to five.<\/p>\n

Tara Massoudi, general manager of premium products at Revolut said: ‘When we talk about wellness, financial health is often missing from the picture.\u00a0<\/p>\n

‘But as our research shows, money worries weigh heavily on people’s mental wellbeing – often as much as diet, exercise or sleep.’<\/p>\n

Are you on a high salary but feel like you struggle to make ends meet? How do you spend your monthly salary? Get in touch angharad.carrick@thisismoney.co.uk<\/a><\/p>\n

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\n Workers on \u00a3100,000-plus worry more about money than those on average salaries<\/p>\n