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By The Numbers
Americans have a criminal record.1
Up to estimated average annual cost to the economy by not including people with criminal records in the workforce.2
States have passed Clean Slate laws; 8 more have active campaigns. Note legislation in New York has not yet been signed into law.3
potential earnings rise on average for people when they start with a clean slate.4
Companies in the Second Chance Business Coalition that supports reentry to the workforce.
People with criminal backgrounds hired in the U.S. by JPMorgan Chase in 2022.
Of managers report that the value second chance employees contribute is as high as, or higher than, that of workers without records.5
Strengthening Communities and Boosting the Workforce
Second Chance hiring helps people with former offenses build stable lives, improve their financial health, and participate in the workforce. Providing these individuals access to sustainable economic opportunities enables them to be a productive member of their communities, which reduces recidivism and helps develop a stronger, more resilient economy.
Arrest or conviction records remain a barrier to housing and employment, even for people whose records are eligible for clearing. We are expanding our pilot expungement clinics to help people start with clean slates.
Clean Slate legislation helps to clear records which can help increase individual earnings by 20%. Policy reform and inclusive hiring practices can help more people access meaningful careers.
Past convictions shouldn’t prevent people from having a future. Through policy, hiring and partnerships we are helping give people with records a second chance.
Second Chance Agenda
10% of our new hires annually in the U.S. have previous convictions with no bearing on their roles. That’s because we’re leveling the playing field for new hires by “banning the box” – an effort that removes the requirement to disclose criminal records on job applications, and supporting legislation that help more people access meaningful careers in financial services.
Modernizing rules for hiring people with records can create jobs without increased risk and promote more careers in financial services.
Enacting fair chance hiring policy reform increases access and improves the lives of those with convictions.
Advancing Inclusive Policies
Partnerships for Progress
We’re working with like-minded companies and local advocacy groups to create more opportunities for education, entrepreneurship and future employment.