Iowa - 2016

Final Grade

Financial Knowledge

B-

81.28%

Credit

A

96.81%

Savings and Spending

A

94.72%

Retirement Readiness and Other Investing

C

74.91%

Protect and Insure

B

83.26%

Financial Knowledge

Mean number of correct answers

B+

89.79%

Offered financial education and participated

D-

60.44%

Levels of High School Financial Education

C

75%

Credit

General Credit

A

94.72%

Housing Credit

B+

89.98%

Auto Credit

B+

89.16%

Credit Card

A

94.68%

Student Loan

F

59.01%

Other Credit

B+

89.05%

General Credit

Vantage Scores

A-

90.71%

On Time Payers

A-

90.34%

Prime Credit

A

95.28%

Inclusion in Credit Economy

B-

82.89%

Revolving Credit

B+

87.6%

Utilization

A

93.24%

Bankruptcy

A-

91.51%

Share Past Due

A

94.06%

Debt Burden

B-

80%

Highest Tier Credit

A-

91.56%

Housing Credit

Loan to Value Ratios

B-

80.54%

Equity Rich

D

64.96%

Homeownership Rates

A

96.95%

Mortgage Delinquency Rates

A

93.24%

Foreclosure Rates

A

94.05%

Have a Mortgage

C

76.52%

High Cost to Homeowners

A-

91.48%

High Cost to Renters

B+

88.87%

Seriously Underwater Mortgages

B+

89.57%

Mortgage balance as a proportion of household income

A+

100%

Auto Credit

Auto Loan as Portion of Household Income

B-

82.98%

Auto Loan Delinquencies

A

94.34%

Percent of Auto Loans

D+

69.95%

Impact of Auto Insurance Premiumes on Credit Scores

A

95.57%

Credit Card

Always Paid Credit Card Bills In Full

A

93.34%

Carried Balance on Credit Card with Interest Charged

A

96.54%

Made only Minimum Monthly Payments on Credit Card

B

83.66%

Credit Card Delinquencies

A-

92.69%

Average Credit Card Balance as a Percent of Median Household Income

A

94.91%

Student Loan

Graduates with Student Debt

D+

67%

Average Debt Balance

D+

67.32%

Calculated monthly Payments Prior to Borrowing

B

84.26%

Never Made a Late Payment on your Student Loan

D+

68.55%

Other Credit

Unpaid Medical Bills

C+

77.51%

Used Alternative Borrowing

C

76.92%

Took a Loan from a Retirement Account

A+

97.44%

Delinquency of Unsecured Personal Loans

A-

91.58%

Balance of Unsecured Personal Loans as a Percent of Household Income

A

93.42%

Savings and Spending

Spend less than Income

A+

100%

Does not have an emergency fund

B

85.76%

Unbanked

A-

90.71%

Underbanked

A-

91.96%

Saving for Children's College

B-

81.41%

Overdraws checking account occasionally

B+

89.51%

Could come up with $2,000 in an emergency

B

84.52%

Has a household budget

F

59.75%

Has Taken a Hardship Withdrawal from Retirement Account

B+

89.76%

Retirement Readiness and Other Investing

Access to a Retirement Plan

A

96.25%

Take Up Rate of Retirement Plans

B

84.52%

Tried to Figure Out how much needed for retirement

C+

77.94%

Amount of Income residents will be able to replace in retirement

D+

69.55%

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

C+

79%

Invests Outside of Retirement Accounts

C

76.41%

Protect and Insure

Percent without Health Insurance

A-

91.74%

Average Face Amount of Life Insurance

C-

71.88%

Uninsured Motorists

B+

88.14%