Florida - 2016

Year:
2016
Report Card Type:
Adult
Related Report Card:
2016 National Report Card on Adult Financial Literacy

Final Grade

D+

67.19%

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Financial Knowledge

D

64.36%

Credit

D

64.38%

Savings and Spending

C+

78.44%

Retirement Readiness and Other Investing

D-

62.19%

Protect and Insure

D-

61.75%

Financial Knowledge

D

64.36%

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Mean number of correct answers

F

58.71%

Offered financial education and participated

D

66.87%

Levels of High School Financial Education

B

85%

Credit

D

64.38%

Download State Fact Sheet Download Credit Chapter Download Full Report

General Credit

C-

71.45%

Housing Credit

F

59.39%

Auto Credit

B-

80.12%

Credit Card

C

73.14%

Student Loan

C

74.84%

Other Credit

D-

62.2%

General Credit

C-

71.45%

Download General Credit Chapter

Vantage Scores

C-

70%

On Time Payers

D

66.87%

Prime Credit

D+

69.52%

Inclusion in Credit Economy

C+

77.69%

Revolving Credit

B

86.33%

Utilization

C

75.09%

Bankruptcy

C+

77.08%

Share Past Due

C+

79.62%

Debt Burden

D-

62.14%

Highest Tier Credit

D

66.25%

Housing Credit

F

59.39%

Download Housing Credit Chapter

Loan to Value Ratios

C-

70.81%

Equity Rich

C-

71.7%

Homeownership Rates

B-

81.02%

Mortgage Delinquency Rates

C-

71.44%

Foreclosure Rates

C

75.53%

Have a Mortgage

B-

80.1%

High Cost to Homeowners

D-

61.3%

High Cost to Renters

F

55%

Seriously Underwater Mortgages

D

63.91%

Mortgage balance as a proportion of household income

B-

80.25%

Auto Credit

B-

80.12%

Download Auto Credit Chapter

Auto Loan as Portion of Household Income

C

74.1%

Auto Loan Delinquencies

B+

87.34%

Percent of Auto Loans

B

84.06%

Impact of Auto Insurance Premiumes on Credit Scores

B

84.14%

Credit Card

C

73.14%

Download Credit Card Chapter

Always Paid Credit Card Bills In Full

B

86.68%

Carried Balance on Credit Card with Interest Charged

C

76.48%

Made only Minimum Monthly Payments on Credit Card

C+

78.04%

Credit Card Delinquencies

C-

72.24%

Average Credit Card Balance as a Percent of Median Household Income

D-

62.52%

Student Loan

C

74.84%

Download Student Loan Chapter

Graduates with Student Debt

B+

88%

Average Debt Balance

B-

81.78%

Calculated monthly Payments Prior to Borrowing

A-

92.38%

Never Made a Late Payment on your Student Loan

F

55%

Other Credit

D-

62.2%

Download Other Credit Chapter

Unpaid Medical Bills

C-

71.54%

Used Alternative Borrowing

C-

70.95%

Took a Loan from a Retirement Account

F

58.8%

Delinquency of Unsecured Personal Loans

A-

92.21%

Balance of Unsecured Personal Loans as a Percent of Household Income

D+

69.97%

Savings and Spending

C+

78.44%

Download State Fact Sheet Download Savings and Spending Chapter Download Full Report

Spend less than Income

C-

71.77%

Does not have an emergency fund

B

84.85%

Unbanked

B

84.64%

Underbanked

B-

82.52%

Saving for Children's College

B

86.08%

Overdraws checking account occasionally

C-

70.21%

Could come up with $2,000 in an emergency

D+

68.27%

Has a household budget

C

74.65%

Has Taken a Hardship Withdrawal from Retirement Account

F

55%

Retirement Readiness and Other Investing

D-

62.19%

Download State Fact Sheet Download Retirement Readiness and Other Investing Chapter Download Full Report

Access to a Retirement Plan

F

55%

Take Up Rate of Retirement Plans

C-

72.48%

Tried to Figure Out how much needed for retirement

C

73.7%

Amount of Income residents will be able to replace in retirement

A

93.7%

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

C-

71.5%

Invests Outside of Retirement Accounts

C

74.7%

Protect and Insure

D-

61.75%

Download State Fact Sheet Download Protect and Insure Chapter Download Full Report

Percent without Health Insurance

D-

62.12%

Average Face Amount of Life Insurance

B

86.41%

Uninsured Motorists

F

59.3%