Alabama - 2016

Final Grade

Financial Knowledge

D+

67.57%

Credit

D

64.45%

Savings and Spending

C

75.24%

Retirement Readiness and Other Investing

D-

60.61%

Protect and Insure

F

56.84%

Financial Knowledge

Mean number of correct answers

D-

62.89%

Offered financial education and participated

F

57.17%

Levels of High School Financial Education

A

95%

Credit

General Credit

D-

60.95%

Housing Credit

C

76.9%

Auto Credit

D+

67.37%

Credit Card

D

64.42%

Student Loan

D+

68.26%

Other Credit

D+

67.87%

General Credit

Vantage Scores

D-

62.14%

On Time Payers

D-

60.8%

Prime Credit

D

65.34%

Inclusion in Credit Economy

C

74.71%

Revolving Credit

D

65.34%

Utilization

D-

62.34%

Bankruptcy

D-

61.79%

Share Past Due

C+

78.77%

Debt Burden

D

63.57%

Highest Tier Credit

D-

60.63%

Housing Credit

Loan to Value Ratios

C-

70.81%

Equity Rich

D-

62.87%

Homeownership Rates

B+

89.45%

Mortgage Delinquency Rates

B-

81.9%

Foreclosure Rates

A

94.58%

Have a Mortgage

B

84.19%

High Cost to Homeowners

C+

77.96%

High Cost to Renters

C-

70%

Seriously Underwater Mortgages

B

84.57%

Mortgage balance as a proportion of household income

B+

89.31%

Auto Credit

Auto Loan as Portion of Household Income

D

66.25%

Auto Loan Delinquencies

D+

69.01%

Percent of Auto Loans

B-

81.52%

Impact of Auto Insurance Premiumes on Credit Scores

C+

79.34%

Credit Card

Always Paid Credit Card Bills In Full

D

64.65%

Carried Balance on Credit Card with Interest Charged

D

66.52%

Made only Minimum Monthly Payments on Credit Card

B

83.29%

Credit Card Delinquencies

C-

70.78%

Average Credit Card Balance as a Percent of Median Household Income

F

56.22%

Student Loan

Graduates with Student Debt

B+

88%

Average Debt Balance

D+

68.25%

Calculated monthly Payments Prior to Borrowing

C+

79.61%

Never Made a Late Payment on your Student Loan

D+

68.83%

Other Credit

Unpaid Medical Bills

D

64.46%

Used Alternative Borrowing

F

56.94%

Took a Loan from a Retirement Account

B+

88.47%

Delinquency of Unsecured Personal Loans

C+

79.76%

Balance of Unsecured Personal Loans as a Percent of Household Income

B+

89.33%

Savings and Spending

Spend less than Income

D

66.88%

Does not have an emergency fund

D+

68.48%

Unbanked

C

73.93%

Underbanked

D+

67.86%

Saving for Children's College

D+

69.74%

Overdraws checking account occasionally

B

83.41%

Could come up with $2,000 in an emergency

D-

60.5%

Has a household budget

B+

88.63%

Has Taken a Hardship Withdrawal from Retirement Account

C+

79.8%

Retirement Readiness and Other Investing

Access to a Retirement Plan

C+

77.5%

Take Up Rate of Retirement Plans

C+

77.93%

Tried to Figure Out how much needed for retirement

C-

72.83%

Amount of Income residents will be able to replace in retirement

B

86.52%

Percent of residents who count on social security for 90+ of their retirement income

D

66%

Invests Outside of Retirement Accounts

F

55%

Protect and Insure

Percent without Health Insurance

C

74.94%

Average Face Amount of Life Insurance

F

55%

Uninsured Motorists

D+

67.89%