Life may be tough if you’re a High Earner, Not Rich Yet – but at least Henry has hope. His younger counterpart Nick, 30, has only known bad times and he’s fuelling the rise of populist parties, says William Atkinson

Last week, Eliza Filby profiled the plight of the Henry: a High Earner, Not Rich Yet. They are millennials in the top tax bracket on six-figure salaries, living disproportionately in London, for whom middle-class aspirations appear to have broken down. Henrys may well still live in a grotty flat, shop in Aldi, and barely be able to afford holidays. Crushed by a stifling tax system and absurd rental payments, they aren’t saving and feel far less well-off than their salary would have them hope.

Henry’s plight will have some reaching for the world’s smallest violin. But, as Filby pointed out, we need Henrys for public services to function. The Economist has estimated that Henrys account for five per cent of taxpayers........

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