Maryland - 2016

Final Grade

Financial Knowledge

B-

80.79%

Credit

B-

80.93%

Savings and Spending

B

86.19%

Retirement Readiness and Other Investing

C

73.98%

Protect and Insure

C-

72.11%

Financial Knowledge

Mean number of correct answers

C

76.8%

Offered financial education and participated

C

75.12%

Levels of High School Financial Education

B

85%

Credit

General Credit

B

84.71%

Housing Credit

D

65.06%

Auto Credit

B

86.24%

Credit Card

C+

78.21%

Student Loan

B-

80.3%

Other Credit

B+

89.91%

General Credit

Vantage Scores

C

73.57%

On Time Payers

C

76.26%

Prime Credit

B-

81.31%

Inclusion in Credit Economy

B-

80.29%

Revolving Credit

A-

91.57%

Utilization

B-

80.69%

Bankruptcy

C+

77.08%

Share Past Due

B+

87.26%

Debt Burden

A+

100%

Highest Tier Credit

C+

77.5%

Housing Credit

Loan to Value Ratios

D+

68.38%

Equity Rich

D

66.16%

Homeownership Rates

B

85.23%

Mortgage Delinquency Rates

C

74.63%

Foreclosure Rates

B

85.36%

Have a Mortgage

F

56.28%

High Cost to Homeowners

C-

72.59%

High Cost to Renters

C-

70%

Seriously Underwater Mortgages

C+

78.04%

Mortgage balance as a proportion of household income

B

85%

Auto Credit

Auto Loan as Portion of Household Income

A

94.23%

Auto Loan Delinquencies

B-

82.49%

Percent of Auto Loans

C

76.41%

Impact of Auto Insurance Premiumes on Credit Scores

B

86.72%

Credit Card

Always Paid Credit Card Bills In Full

D+

69.04%

Carried Balance on Credit Card with Interest Charged

C-

70.18%

Made only Minimum Monthly Payments on Credit Card

B

83.89%

Credit Card Delinquencies

C

76.33%

Average Credit Card Balance as a Percent of Median Household Income

A

96.57%

Student Loan

Graduates with Student Debt

B-

82%

Average Debt Balance

C

74.2%

Calculated monthly Payments Prior to Borrowing

A-

91.56%

Never Made a Late Payment on your Student Loan

C+

79.77%

Other Credit

Unpaid Medical Bills

B-

80.37%

Used Alternative Borrowing

B-

82.44%

Took a Loan from a Retirement Account

A-

90.53%

Delinquency of Unsecured Personal Loans

A

94.64%

Balance of Unsecured Personal Loans as a Percent of Household Income

A-

91.23%

Savings and Spending

Spend less than Income

A

94.02%

Does not have an emergency fund

C+

78.32%

Unbanked

B+

89.64%

Underbanked

C-

72.88%

Saving for Children's College

A-

92.52%

Overdraws checking account occasionally

C+

77.04%

Could come up with $2,000 in an emergency

C

73.32%

Has a household budget

D

66.11%

Has Taken a Hardship Withdrawal from Retirement Account

C+

79.59%

Retirement Readiness and Other Investing

Access to a Retirement Plan

B-

81.25%

Take Up Rate of Retirement Plans

C+

79.36%

Tried to Figure Out how much needed for retirement

B-

81.67%

Amount of Income residents will be able to replace in retirement

C

73.72%

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

B+

89.75%

Invests Outside of Retirement Accounts

C

74.76%

Protect and Insure

Percent without Health Insurance

B

86.9%

Average Face Amount of Life Insurance

F

59.06%

Uninsured Motorists

B

83.02%