Adults Surveyed on Impact of Financial Background Checks in the Workplace

Between March 25 and April 4, 2016, 1,100 35-54 year olds across the United States responded to two surveys conducted by the NFEC to assess their experience with credit or financial background checks being a condition in hiring or promotion. This online survey produced statistically significant results with a 95% confidence interval and a less than 3% margin of error.

These two age-specific surveys conducted by the NFEC and sponsored by the Financial Literacy Action Network and HR Management Solutions are part of a series of testing, polls, research, and interviews that explore financial attitudes and behaviors. 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?”

Survey Questions & Results

The surveys asked 35-54 year olds the following questions:

Have you ever been turned down for a job or promotion as a result of your credit or financial background?

1,165 Respondents

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?

1,100 Respondents

The Results

high school course survey graph 1
high school course survey graph 1

FLAN HRMS 1638w

Survey Sponsors

The survey was sponsored by HR Management Solutions and Financial Literacy Action Network, both led by Brandy Speer a Certified Financial Education Instructor. HR Management Solutions, a small business support center assisting entrepreneurs, business management and independent service providers to protect and grow their businesses.  The Financial Literacy Action Network is an independent social enterprise focused on providing personal money management skills to individuals. Through better education and guidance, and inspiring positive change Speer feels we can help business owners and employees work toward financial well-being.

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?

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