A survey of more than 1,000 workers conducted by the National Financial Educators Council (NFEC) found 5.2% of respondents reported they were turned down for jobs due to their financial background while 26.3% reported employers ran financial background checks on them. In the nationwide poll, the survey asked respondents to answer the following questions: “Have you ever been turned down for a job or promotion as a result of your credit or financial background?” And, “Has an employer or potential employer ever conducted a credit or financial background check as a condition of hiring you or giving you a promotion?” The survey revealed 61.6% of women aged 35 to 44 underwent financial background checks compared to 48.9% of women aged 45 to 54. Also, 37.6% of women in rural areas underwent financial background checks compared to 21.1% of women in the suburbs.
Adults Surveyed on Impact of Financial Background Checks in the Workplace
Full Fusion