Louisiana - 2016

Final Grade

Financial Knowledge

D+

67.27%

Credit

D

63.12%

Savings and Spending

D

65.57%

Retirement Readiness and Other Investing

F

57.97%

Protect and Insure

D-

61.7%

Financial Knowledge

Mean number of correct answers

D-

62.42%

Offered financial education and participated

D+

67.32%

Levels of High School Financial Education

B

85%

Credit

General Credit

D-

61.73%

Housing Credit

C-

70.36%

Auto Credit

D-

62.29%

Credit Card

F

58.84%

Student Loan

B

84.65%

Other Credit

C-

70.6%

General Credit

Vantage Scores

F

57.14%

On Time Payers

F

59.97%

Prime Credit

D-

62.62%

Inclusion in Credit Economy

C

73.97%

Revolving Credit

D

65.81%

Utilization

D

63.5%

Bankruptcy

C+

78.77%

Share Past Due

F

55%

Debt Burden

B

83.57%

Highest Tier Credit

D-

60.63%

Housing Credit

Loan to Value Ratios

D

63.51%

Equity Rich

D-

61.78%

Homeownership Rates

B-

81.72%

Mortgage Delinquency Rates

C

73.36%

Foreclosure Rates

A-

91.37%

Have a Mortgage

B

86.17%

High Cost to Homeowners

C+

77.78%

High Cost to Renters

D

66.61%

Seriously Underwater Mortgages

C+

78.26%

Mortgage balance as a proportion of household income

B+

89.75%

Auto Credit

Auto Loan as Portion of Household Income

D-

60.33%

Auto Loan Delinquencies

F

55%

Percent of Auto Loans

D+

68.91%

Impact of Auto Insurance Premiumes on Credit Scores

A-

90.78%

Credit Card

Always Paid Credit Card Bills In Full

F

57.67%

Carried Balance on Credit Card with Interest Charged

C-

70.18%

Made only Minimum Monthly Payments on Credit Card

D

64.57%

Credit Card Delinquencies

D

63.47%

Average Credit Card Balance as a Percent of Median Household Income

D

63.51%

Student Loan

Graduates with Student Debt

A+

98.5%

Average Debt Balance

B+

87.59%

Calculated monthly Payments Prior to Borrowing

B

86.94%

Never Made a Late Payment on your Student Loan

D-

62.72%

Other Credit

Unpaid Medical Bills

D+

68.54%

Used Alternative Borrowing

D

65.04%

Took a Loan from a Retirement Account

B+

87.45%

Delinquency of Unsecured Personal Loans

B-

80.66%

Balance of Unsecured Personal Loans as a Percent of Household Income

B

84.73%

Savings and Spending

Spend less than Income

D+

69.79%

Does not have an emergency fund

D+

67.2%

Unbanked

F

57.14%

Underbanked

C-

71.67%

Saving for Children's College

F

56.68%

Overdraws checking account occasionally

C-

71.83%

Could come up with $2,000 in an emergency

F

58.25%

Has a household budget

C-

70.89%

Has Taken a Hardship Withdrawal from Retirement Account

C+

79.09%

Retirement Readiness and Other Investing

Access to a Retirement Plan

D+

68.13%

Take Up Rate of Retirement Plans

C

73.63%

Tried to Figure Out how much needed for retirement

C+

77.99%

Amount of Income residents will be able to replace in retirement

B

83.36%

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

D

65.75%

Invests Outside of Retirement Accounts

F

58.11%

Protect and Insure

Percent without Health Insurance

D+

67.25%

Average Face Amount of Life Insurance

D-

60.94%

Uninsured Motorists

C+

79.55%