Prince Harry and Meghan Markle are essentially quitting the royal family

Kathryn Krawczyk

Prince Harry and Meghan Markle are abdicating the throne — in a relatively minor way.

The Sussex royals announced Wednesday that, "after many months of reflection and internal discussions," they "intend to step back as 'senior' members of the Royal Family." That announcement does come with a promise that they'll "fully support Her Majesty The Queen," but reveals they'll "work to become financially independent" and "balance our time between the United Kingdom and North America."

The news comes as Harry and Meghan took continued steps to distance themselves from the royal family, especially considering the criticism and outright racism Meghan has faced from British tabloids.

Harry and Meghan discussed more about their plan to become financially independent on their website, saying they chose to "no longer receive funding through the Sovereign Grant" that funds the royal family's lives.

Now, to figure out what to call them.

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