Greenspring Advisors Reports Financial Stress for Those Making Under $50k


Greenspring Advisors
Josh Itzoe

RELEASE DATE: January 23, 2020

Greenspring Reports Financial Stress for Those Making Under $50k

Women and Mid-Career Employees also at Risk in Comprehensive Financial Wellness and Well-Being Survey

Towson, MD, Jan. 23, 2020Greenspring Advisors, the 2018 PLANSPONSOR Retirement Plan Adviser of the Year-Small Team, has released the results of “Seeking (k)larity®: A Comprehensive, Multi-Dimensional Look at Employee Financial Wellness & Well-Being.”  The survey evaluates employees’ feelings and attitudes towards financial stress, goals, and concerns, budgeting and debt, retirement confidence, saving and investing, advice and support, and managing risk.

Conducted in May 2019, the survey:

  • Provides a comprehensive, multi-dimensional assessment of employee perceptions about their financial well-being
  • Includes more than 70 questions, with responses gathered from 1,872 U.S.-based employees of Greenspring Advisors’ corporate retirement plan client base
  • Found that by every measure, financial stress hurts people’s feelings, perceptions, levels of confidence, and financial preparedness

Seeking (k)larity® reveals that 45% of people experience regular financial stress which affects their satisfaction, engagement, productivity, and alignment,” said Joshua P. Itzoe, CFP®, AIF®, Partner & Managing Director of Greenspring Advisors.  “Gender, age, and income significantly influence attitudes, perceptions, and preferences.  These results show the need for more comprehensive, customized, and personalized approaches.  Addressing these different groups, employers can drive better outcomes for their employees, lower direct and indirect costs, and meet the evolving needs of their people.”

The full survey results can be downloaded by visiting

Greenspring Advisors, established in 2004, is one of the top five largest registered investment advisory firms in Maryland and was built on the fiduciary principle that the client comes first. Greenspring is an independent, fee-only firm specializing in providing investment advisory services to retirement plan fiduciaries, foundations, and endowments; and comprehensive wealth management services and financial planning to private investors.  The firm has offices in Towson, MD, and Paramus, NJ.

Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.

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