Connecticut - 2016

Final Grade

Financial Knowledge

C-

70.96%

Credit

B

86.95%

Savings and Spending

B+

89.76%

Retirement Readiness and Other Investing

C+

79.03%

Protect and Insure

A-

92.78%

Financial Knowledge

Mean number of correct answers

C+

78.66%

Offered financial education and participated

C

74.78%

Levels of High School Financial Education

F

55%

Credit

General Credit

A-

92.74%

Housing Credit

D+

69.71%

Auto Credit

A

95.64%

Credit Card

B+

88.62%

Student Loan

D

64.78%

Other Credit

A-

90.05%

General Credit

Vantage Scores

B

86.43%

On Time Payers

B

85.09%

Prime Credit

A

93.47%

Inclusion in Credit Economy

B-

82.52%

Revolving Credit

A-

92.37%

Utilization

B

86.48%

Bankruptcy

B+

88.96%

Share Past Due

B

83.87%

Debt Burden

A+

97.86%

Highest Tier Credit

B

85.94%

Housing Credit

Loan to Value Ratios

C

74.46%

Equity Rich

C-

72.83%

Homeownership Rates

B

86.41%

Mortgage Delinquency Rates

C

73.1%

Foreclosure Rates

B

83.42%

Have a Mortgage

C

73.34%

High Cost to Homeowners

D+

67.04%

High Cost to Renters

D

65.4%

Seriously Underwater Mortgages

B

83.91%

Mortgage balance as a proportion of household income

B

86.93%

Auto Credit

Auto Loan as Portion of Household Income

A+

98.82%

Auto Loan Delinquencies

A-

92.46%

Percent of Auto Loans

B+

87.56%

Impact of Auto Insurance Premiumes on Credit Scores

A-

91.89%

Credit Card

Always Paid Credit Card Bills In Full

B+

88.97%

Carried Balance on Credit Card with Interest Charged

A-

90.69%

Made only Minimum Monthly Payments on Credit Card

B-

80.02%

Credit Card Delinquencies

B

85.68%

Average Credit Card Balance as a Percent of Median Household Income

A-

91.82%

Student Loan

Graduates with Student Debt

C

76%

Average Debt Balance

D+

67.27%

Calculated monthly Payments Prior to Borrowing

B-

81.73%

Never Made a Late Payment on your Student Loan

C

73.06%

Other Credit

Unpaid Medical Bills

B

83.31%

Used Alternative Borrowing

B

83.59%

Took a Loan from a Retirement Account

B+

89.29%

Delinquency of Unsecured Personal Loans

A

96.52%

Balance of Unsecured Personal Loans as a Percent of Household Income

B

86.88%

Savings and Spending

Spend less than Income

A-

90.39%

Does not have an emergency fund

B

83.06%

Unbanked

B

86.79%

Underbanked

A-

91.96%

Saving for Children's College

B

86.34%

Overdraws checking account occasionally

B-

82.42%

Could come up with $2,000 in an emergency

C+

78.21%

Has a household budget

D+

67.94%

Has Taken a Hardship Withdrawal from Retirement Account

C+

77.21%

Retirement Readiness and Other Investing

Access to a Retirement Plan

A-

92.5%

Take Up Rate of Retirement Plans

B+

87.68%

Tried to Figure Out how much needed for retirement

B-

80.63%

Amount of Income residents will be able to replace in retirement

D

64.44%

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

A-

92.5%

Invests Outside of Retirement Accounts

C+

79.72%

Protect and Insure

Percent without Health Insurance

B+

89.75%

Average Face Amount of Life Insurance

B+

89.84%

Uninsured Motorists

A-

91.61%