Kentucky - 2016

Final Grade

Financial Knowledge

D+

67.29%

Credit

C-

71.77%

Savings and Spending

C-

70.97%

Retirement Readiness and Other Investing

D

64.86%

Protect and Insure

C-

71.42%

Financial Knowledge

Mean number of correct answers

D

65.67%

Offered financial education and participated

C-

70.86%

Levels of High School Financial Education

C

75%

Credit

General Credit

D+

69.48%

Housing Credit

C+

79.81%

Auto Credit

C-

72.87%

Credit Card

C

75.28%

Student Loan

D

63.6%

Other Credit

D+

68.38%

General Credit

Vantage Scores

D

66.43%

On Time Payers

C-

72.12%

Prime Credit

C

73.87%

Inclusion in Credit Economy

D+

69.13%

Revolving Credit

C-

70.74%

Utilization

D+

69.48%

Bankruptcy

C-

72.83%

Share Past Due

C-

72.83%

Debt Burden

C+

77.14%

Highest Tier Credit

C-

71.88%

Housing Credit

Loan to Value Ratios

C

76.89%

Equity Rich

D

63.06%

Homeownership Rates

B

85.7%

Mortgage Delinquency Rates

B

84.19%

Foreclosure Rates

A-

90.04%

Have a Mortgage

B-

80.27%

High Cost to Homeowners

B-

82.22%

High Cost to Renters

C

75.56%

Seriously Underwater Mortgages

A-

90%

Mortgage balance as a proportion of household income

A

93.32%

Auto Credit

Auto Loan as Portion of Household Income

C

73.65%

Auto Loan Delinquencies

C+

77.37%

Percent of Auto Loans

B-

82.01%

Impact of Auto Insurance Premiumes on Credit Scores

C+

77.13%

Credit Card

Always Paid Credit Card Bills In Full

C+

78.09%

Carried Balance on Credit Card with Interest Charged

B

86.52%

Made only Minimum Monthly Payments on Credit Card

C+

79.25%

Credit Card Delinquencies

C

76.92%

Average Credit Card Balance as a Percent of Median Household Income

D

63.62%

Student Loan

Graduates with Student Debt

C

73%

Average Debt Balance

C+

78.79%

Calculated monthly Payments Prior to Borrowing

C+

77.72%

Never Made a Late Payment on your Student Loan

D

66.34%

Other Credit

Unpaid Medical Bills

D

63.79%

Used Alternative Borrowing

D+

67.05%

Took a Loan from a Retirement Account

A-

91.38%

Delinquency of Unsecured Personal Loans

A-

90.12%

Balance of Unsecured Personal Loans as a Percent of Household Income

D+

68.03%

Savings and Spending

Spend less than Income

F

57.36%

Does not have an emergency fund

C

73.27%

Unbanked

C-

72.14%

Underbanked

C

73.68%

Saving for Children's College

D+

68.21%

Overdraws checking account occasionally

C

74.96%

Could come up with $2,000 in an emergency

D

65.61%

Has a household budget

C-

71.5%

Has Taken a Hardship Withdrawal from Retirement Account

C+

77.53%

Retirement Readiness and Other Investing

Access to a Retirement Plan

C+

79.38%

Take Up Rate of Retirement Plans

B

83.38%

Tried to Figure Out how much needed for retirement

D+

68.81%

Amount of Income residents will be able to replace in retirement

B

85.97%

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

C-

72%

Invests Outside of Retirement Accounts

D-

60.48%

Protect and Insure

Percent without Health Insurance

B

85.19%

Average Face Amount of Life Insurance

D

66.72%

Uninsured Motorists

C

75.66%