Maine - 2016

Final Grade

Financial Knowledge

B

83.29%

Credit

B

86.85%

Savings and Spending

B+

89.28%

Retirement Readiness and Other Investing

C

73.92%

Protect and Insure

B

84.89%

Financial Knowledge

Mean number of correct answers

B

86.55%

Offered financial education and participated

D-

62.38%

Levels of High School Financial Education

B

85%

Credit

General Credit

B+

87.6%

Housing Credit

B

83.01%

Auto Credit

B

85.2%

Credit Card

C+

77.18%

Student Loan

D-

61.26%

Other Credit

A

95.47%

General Credit

Vantage Scores

B

86.43%

On Time Payers

B

83.44%

Prime Credit

A-

91.29%

Inclusion in Credit Economy

B+

87.73%

Revolving Credit

B

85.85%

Utilization

B-

80.49%

Bankruptcy

A-

92.36%

Share Past Due

B

84.72%

Debt Burden

C-

70.71%

Highest Tier Credit

B

83.13%

Housing Credit

Loan to Value Ratios

B+

89.05%

Equity Rich

B

85.87%

Homeownership Rates

A+

97.89%

Mortgage Delinquency Rates

C

75.14%

Foreclosure Rates

B-

80.94%

Have a Mortgage

B-

81.42%

High Cost to Homeowners

C-

71.85%

High Cost to Renters

C-

72.18%

Seriously Underwater Mortgages

A-

90.65%

Mortgage balance as a proportion of household income

A

93.61%

Auto Credit

Auto Loan as Portion of Household Income

B

85.05%

Auto Loan Delinquencies

A

96.5%

Percent of Auto Loans

D

64.08%

Impact of Auto Insurance Premiumes on Credit Scores

B

83.4%

Credit Card

Always Paid Credit Card Bills In Full

D+

68.38%

Carried Balance on Credit Card with Interest Charged

C

76.99%

Made only Minimum Monthly Payments on Credit Card

B

83.66%

Credit Card Delinquencies

A-

91.23%

Average Credit Card Balance as a Percent of Median Household Income

C-

71.7%

Student Loan

Graduates with Student Debt

D+

67%

Average Debt Balance

D

63.77%

Calculated monthly Payments Prior to Borrowing

B-

82.08%

Never Made a Late Payment on your Student Loan

C+

78.56%

Other Credit

Unpaid Medical Bills

C-

71.23%

Used Alternative Borrowing

A

93.68%

Took a Loan from a Retirement Account

A-

92.52%

Delinquency of Unsecured Personal Loans

A+

99.44%

Balance of Unsecured Personal Loans as a Percent of Household Income

A+

97.51%

Savings and Spending

Spend less than Income

C+

77.96%

Does not have an emergency fund

D

65.36%

Unbanked

A+

98.21%

Underbanked

B-

82.32%

Saving for Children's College

C

75.3%

Overdraws checking account occasionally

B+

88.55%

Could come up with $2,000 in an emergency

B-

81.58%

Has a household budget

B-

80.96%

Has Taken a Hardship Withdrawal from Retirement Account

A-

91.29%

Retirement Readiness and Other Investing

Access to a Retirement Plan

A

94.38%

Take Up Rate of Retirement Plans

C

75.35%

Tried to Figure Out how much needed for retirement

C

75.27%

Amount of Income residents will be able to replace in retirement

C+

79.43%

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

B-

80.75%

Invests Outside of Retirement Accounts

C

75.2%

Protect and Insure

Percent without Health Insurance

B-

80.63%

Average Face Amount of Life Insurance

C

76.09%

Uninsured Motorists

A+

98.36%