Financial Irresponsibility: Background Information for Security Personnel
DEFENSE PERSONNEL SECURITY RESEARCH ANDEDUCATION CENTER MONTEREY CA
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Financial irresponsibility is one of the criteria that may justify denial or revocation of security clearance. A recent study analyzed the issues that arose in a sample of 7,232 special background investigation cases. In those cases when a single issue was identified by the investigation, it was a financial issue 16.6 of the time. Of all the single issue cases, finances were the basis for 30 of the denials. In cases where three or more issues were identified, finances were one of the issues 48.2 of the time and were one of the reasons for almost 59 of the denials. The present study provides background information on financial issues. Most of the data fall into four general categories. These are 1 Statistics on the prevalence of bankruptcy and delinquency on various types of debt 2 Potential indicators of financial problems 3 The relationship between financial problems and other problems behaviors, particularly the relationship with white collar crime and various compulsive behaviors and 4 Potential mitigating factors. This report is based on a review of relevant literature and contact with organizations that track consumer financial behavior.
- Personnel Management and Labor Relations