Arkansas - 2016

Final Grade

Financial Knowledge

D+

68.74%

Credit

D

63.44%

Savings and Spending

D+

69.02%

Retirement Readiness and Other Investing

F

58.89%

Protect and Insure

D

66.32%

Financial Knowledge

Mean number of correct answers

D

66.6%

Offered financial education and participated

D-

62.91%

Levels of High School Financial Education

B

85%

Credit

General Credit

D+

67.35%

Housing Credit

C+

78.79%

Auto Credit

D+

67.98%

Credit Card

F

57.26%

Student Loan

D+

68.52%

Other Credit

F

56.52%

General Credit

Vantage Scores

D-

62.86%

On Time Payers

C

73.5%

Prime Credit

D+

69.88%

Inclusion in Credit Economy

D-

60.21%

Revolving Credit

D

66.77%

Utilization

D

66.78%

Bankruptcy

C

73.68%

Share Past Due

B-

81.32%

Debt Burden

C

74.29%

Highest Tier Credit

C-

71.88%

Housing Credit

Loan to Value Ratios

D+

67.16%

Equity Rich

D

63.32%

Homeownership Rates

B

85%

Mortgage Delinquency Rates

B

84.83%

Foreclosure Rates

A

93.18%

Have a Mortgage

B

84.32%

High Cost to Homeowners

B

84.81%

High Cost to Renters

B-

80.16%

Seriously Underwater Mortgages

B-

80.87%

Mortgage balance as a proportion of household income

A-

92.13%

Auto Credit

Auto Loan as Portion of Household Income

F

55%

Auto Loan Delinquencies

C

75.75%

Percent of Auto Loans

D+

68.67%

Impact of Auto Insurance Premiumes on Credit Scores

B+

89.67%

Credit Card

Always Paid Credit Card Bills In Full

C-

71.08%

Carried Balance on Credit Card with Interest Charged

D-

62.09%

Made only Minimum Monthly Payments on Credit Card

F

55%

Credit Card Delinquencies

D+

67.86%

Average Credit Card Balance as a Percent of Median Household Income

F

57.1%

Student Loan

Graduates with Student Debt

B

86.5%

Average Debt Balance

B-

80.58%

Calculated monthly Payments Prior to Borrowing

C+

79.35%

Never Made a Late Payment on your Student Loan

F

58.73%

Other Credit

Unpaid Medical Bills

F

59.99%

Used Alternative Borrowing

D-

60.58%

Took a Loan from a Retirement Account

F

55%

Delinquency of Unsecured Personal Loans

A-

90.89%

Balance of Unsecured Personal Loans as a Percent of Household Income

B-

81.44%

Savings and Spending

Spend less than Income

D-

62.29%

Does not have an emergency fund

C+

77.88%

Unbanked

D-

62.86%

Underbanked

D+

69.26%

Saving for Children's College

C

74.34%

Overdraws checking account occasionally

D-

61.43%

Could come up with $2,000 in an emergency

D+

68.17%

Has a household budget

B-

80.67%

Has Taken a Hardship Withdrawal from Retirement Account

D

65.86%

Retirement Readiness and Other Investing

Access to a Retirement Plan

C-

71.88%

Take Up Rate of Retirement Plans

C-

70.19%

Tried to Figure Out how much needed for retirement

C+

78.19%

Amount of Income residents will be able to replace in retirement

A

94.04%

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

F

55%

Invests Outside of Retirement Accounts

D-

60.72%

Protect and Insure

Percent without Health Insurance

C

75.79%

Average Face Amount of Life Insurance

D

65.94%

Uninsured Motorists

C

75.45%