Massachusetts - 2016

Final Grade

Financial Knowledge

D

65.82%

Credit

A+

98.12%

Savings and Spending

A-

90.52%

Retirement Readiness and Other Investing

D

66.45%

Protect and Insure

A+

100%

Financial Knowledge

Mean number of correct answers

C

73.09%

Offered financial education and participated

C-

72.04%

Levels of High School Financial Education

F

55%

Credit

General Credit

A

95.78%

Housing Credit

C+

79.05%

Auto Credit

A+

100%

Credit Card

B+

88.94%

Student Loan

C-

72.9%

Other Credit

A+

98.83%

General Credit

Vantage Scores

A-

91.43%

On Time Payers

B

86.2%

Prime Credit

A

95.28%

Inclusion in Credit Economy

C+

78.8%

Revolving Credit

A

96.18%

Utilization

A-

92.27%

Bankruptcy

A-

92.36%

Share Past Due

A-

90.66%

Debt Burden

A

95.71%

Highest Tier Credit

B

85.94%

Housing Credit

Loan to Value Ratios

A-

92.7%

Equity Rich

B+

89.35%

Homeownership Rates

C

75.16%

Mortgage Delinquency Rates

B

83.94%

Foreclosure Rates

B+

89.03%

Have a Mortgage

D

66.75%

High Cost to Homeowners

D+

69.81%

High Cost to Renters

C-

72.9%

Seriously Underwater Mortgages

A

95.22%

Mortgage balance as a proportion of household income

B-

82.33%

Auto Credit

Auto Loan as Portion of Household Income

A+

98.96%

Auto Loan Delinquencies

A

95.69%

Percent of Auto Loans

B

85.8%

Impact of Auto Insurance Premiumes on Credit Scores

A+

100%

Credit Card

Always Paid Credit Card Bills In Full

C+

79.01%

Carried Balance on Credit Card with Interest Charged

B

85.47%

Made only Minimum Monthly Payments on Credit Card

B

85.93%

Credit Card Delinquencies

B+

88.02%

Average Credit Card Balance as a Percent of Median Household Income

A+

100%

Student Loan

Graduates with Student Debt

C-

71.5%

Average Debt Balance

D+

68.35%

Calculated monthly Payments Prior to Borrowing

B

85.06%

Never Made a Late Payment on your Student Loan

B+

88.58%

Other Credit

Unpaid Medical Bills

B

86.82%

Used Alternative Borrowing

A-

91.53%

Took a Loan from a Retirement Account

A

95.9%

Delinquency of Unsecured Personal Loans

A

96.94%

Balance of Unsecured Personal Loans as a Percent of Household Income

A-

92.41%

Savings and Spending

Spend less than Income

A

95.66%

Does not have an emergency fund

B+

88.12%

Unbanked

B

86.07%

Underbanked

B

86.34%

Saving for Children's College

B

85.16%

Overdraws checking account occasionally

B

83.17%

Could come up with $2,000 in an emergency

C

76.61%

Has a household budget

F

59.86%

Has Taken a Hardship Withdrawal from Retirement Account

B+

87.77%

Retirement Readiness and Other Investing

Access to a Retirement Plan

B

83.13%

Take Up Rate of Retirement Plans

A

94.27%

Tried to Figure Out how much needed for retirement

D

66.06%

Amount of Income residents will be able to replace in retirement

F

55%

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

B

83%

Invests Outside of Retirement Accounts

C

73.86%

Protect and Insure

Percent without Health Insurance

A+

100%

Average Face Amount of Life Insurance

B

85.94%

Uninsured Motorists

A+

100%