Are Credit Scores and Personality Linked?

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Are Credit Scores and Personality Linked?
The article states that many employers now use credit reports as a screening tool before hiring. This goes back to a myth that many employers believe. They think that there is a correlation between poor credit scores and bad behaviors, including theft around the office. Contrary to this belief, the article states that researchers found no correlation between the two variables. There was, however, some other interesting results.

Sixty percent of employers perform credit checks on their potential employees. Jeremy Bernerth, an assistant professor at Louisiana State University says that agreeableness is negatively correlated with credit scores. Berneth says that "that suggests easygoing individuals actually have worse credit scores than disagreeable and rude individuals."

This is an obvious issue of correlation vs. causation. Despite the popular belief that poor credit score means bad employee, the recent research says otherwise. This means that a high credit score does not necessarily mean that they will be a good employee if hired. Also, bad credit scores has no connection with theft as well. It's also possible that Occam's Razor applies in this situation. The employers could look at credit scores as the simplest quantitative method of determining if an employee will be good and righteous. With the given research, we now know this is not a good assumption to make.

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What do you think that the results on agreeableness suggest? I would try to make your link more visible (maybe make the article title the link). Is it a case of correlation vs. causation? Is there a real correlation? Does causation matter in this case?

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This page contains a single entry by sandq045 published on November 6, 2011 8:41 PM.

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