"Henry" is an acronym ascribed to people, typically millennials, who earn six figures but still feel broke, Melkorka Licea reported for the New York Post in October.

Business Insider spoke with two experts who work with Henrys to get an idea of who the typical Henry is.

According to the experts, the typical Henry earns over $100,000, is in their early 30s, and struggles to balance a comfortable lifestyle with saving for the future.

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Are you a millennial who earns six figures and still feels broke? Then you might be a "Henry," short for "high earner, not rich yet."

Melkorka Licea first reported on the Henry millennial for the New York Post in October. The acronym, invented by Shawn Tully in a 2003 Fortune magazine article, has come to characterize a certain group of six-figure earners who are mostly millennials, Licea wrote.

Business Insider spoke with two experts to find out who, exactly, the typical Henry is: Priya Malani, the founder of Stash Wealth, a financial firm that bills itself as "Home of the Henrys," and Gideon Drucker, a certified financial planner at Drucker Wealth who wrote the book "How to Avoid H.E.N.R.Y. Syndrome."

While there are certain markers to identify Henrys, such as earning over $100,000, they're ultimately defined by how they live their life: They have a comfortable lifestyle above their means and struggle to balance it with saving for the future. It's a combination of habits that puts them on a slow path to building wealth and leaves them feeling financially strapped.

Meet the typical Henry, according to Malani and Drucker.