Kansas - 2016

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

Final Grade

B-

80.89%

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Financial Knowledge

B-

81.38%

Credit

B+

87.31%

Savings and Spending

C+

78.64%

Retirement Readiness and Other Investing

C

74.68%

Protect and Insure

C+

78.97%

Financial Knowledge

B-

81.38%

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Mean number of correct answers

C+

79.12%

Offered financial education and participated

B-

82.08%

Levels of High School Financial Education

C

75%

Credit

B+

87.31%

Download State Fact Sheet Download Credit Chapter Download Full Report

General Credit

B

85.84%

Housing Credit

B

86.49%

Auto Credit

B

83.25%

Credit Card

C+

77.01%

Student Loan

C-

71.57%

Other Credit

C+

77.89%

General Credit

B

85.84%

Download General Credit Chapter

Vantage Scores

C+

79.29%

On Time Payers

B

86.47%

Prime Credit

B+

89.11%

Inclusion in Credit Economy

C-

71.36%

Revolving Credit

B-

82.51%

Utilization

B

85.13%

Bankruptcy

B

83.87%

Share Past Due

A-

90.66%

Debt Burden

C+

79.29%

Highest Tier Credit

B

85.94%

Housing Credit

B

86.49%

Download Housing Credit Chapter

Loan to Value Ratios

C

75.68%

Equity Rich

C-

70.54%

Homeownership Rates

B

86.87%

Mortgage Delinquency Rates

A-

92.35%

Foreclosure Rates

A

93.78%

Have a Mortgage

C+

78.75%

High Cost to Homeowners

B

86.48%

High Cost to Renters

B

84.27%

Seriously Underwater Mortgages

A

93.7%

Mortgage balance as a proportion of household income

A

94.95%

Auto Credit

B

83.25%

Download Auto Credit Chapter

Auto Loan as Portion of Household Income

C+

79.72%

Auto Loan Delinquencies

B+

88.41%

Percent of Auto Loans

C-

70.87%

Impact of Auto Insurance Premiumes on Credit Scores

B+

89.67%

Credit Card

C+

77.01%

Download Credit Card Chapter

Always Paid Credit Card Bills In Full

C

76.97%

Carried Balance on Credit Card with Interest Charged

C-

70.61%

Made only Minimum Monthly Payments on Credit Card

C

75.92%

Credit Card Delinquencies

B+

89.19%

Average Credit Card Balance as a Percent of Median Household Income

C+

78.55%

Student Loan

C-

71.57%

Download Student Loan Chapter

Graduates with Student Debt

C-

71.5%

Average Debt Balance

B-

80.05%

Calculated monthly Payments Prior to Borrowing

C

74.31%

Never Made a Late Payment on your Student Loan

B

85.11%

Other Credit

C+

77.89%

Download Other Credit Chapter

Unpaid Medical Bills

D+

69.34%

Used Alternative Borrowing

C

73.85%

Took a Loan from a Retirement Account

B+

88.77%

Delinquency of Unsecured Personal Loans

A-

91.58%

Balance of Unsecured Personal Loans as a Percent of Household Income

B-

82.79%

Savings and Spending

C+

78.64%

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

Spend less than Income

D-

61.4%

Does not have an emergency fund

C

74.79%

Unbanked

B

85.36%

Underbanked

C

74.89%

Saving for Children's College

B-

80.26%

Overdraws checking account occasionally

C+

77.27%

Could come up with $2,000 in an emergency

C-

70.18%

Has a household budget

C

73.23%

Has Taken a Hardship Withdrawal from Retirement Account

B-

81.72%

Retirement Readiness and Other Investing

C

74.68%

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

Access to a Retirement Plan

A-

92.5%

Take Up Rate of Retirement Plans

C+

78.79%

Tried to Figure Out how much needed for retirement

C+

77.18%

Amount of Income residents will be able to replace in retirement

C

76.86%

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

B

85.25%

Invests Outside of Retirement Accounts

C-

72.27%

Protect and Insure

C+

78.97%

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

Percent without Health Insurance

B-

80.35%

Average Face Amount of Life Insurance

C

73.91%

Uninsured Motorists

B+

88.75%