Minnesota - 2016

Final Grade

Financial Knowledge

B

84.87%

Credit

A+

100%

Savings and Spending

A+

100%

Retirement Readiness and Other Investing

B-

80.23%

Protect and Insure

B

86.02%

Financial Knowledge

Mean number of correct answers

B-

81.91%

Offered financial education and participated

C

75.92%

Levels of High School Financial Education

B

85%

Credit

General Credit

A+

100%

Housing Credit

B+

88.61%

Auto Credit

B+

87.92%

Credit Card

A+

100%

Student Loan

D-

60.9%

Other Credit

A

93.53%

General Credit

Vantage Scores

A+

100%

On Time Payers

A

93.93%

Prime Credit

A+

99.27%

Inclusion in Credit Economy

A-

92.19%

Revolving Credit

A+

97.3%

Utilization

A+

97.49%

Bankruptcy

B

86.42%

Share Past Due

A

94.06%

Debt Burden

B-

80%

Highest Tier Credit

A

94.38%

Housing Credit

Loan to Value Ratios

B

86.62%

Equity Rich

C

73.58%

Homeownership Rates

A+

98.83%

Mortgage Delinquency Rates

A+

97.32%

Foreclosure Rates

A+

98.19%

Have a Mortgage

D

63.78%

High Cost to Homeowners

B

84.07%

High Cost to Renters

C+

78.23%

Seriously Underwater Mortgages

A

95%

Mortgage balance as a proportion of household income

A

93.17%

Auto Credit

Auto Loan as Portion of Household Income

A

93.34%

Auto Loan Delinquencies

A+

98.65%

Percent of Auto Loans

B-

82.98%

Impact of Auto Insurance Premiumes on Credit Scores

C

73.44%

Credit Card

Always Paid Credit Card Bills In Full

A

96.44%

Carried Balance on Credit Card with Interest Charged

A

96.88%

Made only Minimum Monthly Payments on Credit Card

A

96.62%

Credit Card Delinquencies

A

95.03%

Average Credit Card Balance as a Percent of Median Household Income

A+

97.24%

Student Loan

Graduates with Student Debt

D

64%

Average Debt Balance

D-

61.74%

Calculated monthly Payments Prior to Borrowing

C+

77%

Never Made a Late Payment on your Student Loan

B+

87.99%

Other Credit

Unpaid Medical Bills

A-

90.19%

Used Alternative Borrowing

A-

92.57%

Took a Loan from a Retirement Account

A-

92.64%

Delinquency of Unsecured Personal Loans

B+

87.2%

Balance of Unsecured Personal Loans as a Percent of Household Income

B

86.5%

Savings and Spending

Spend less than Income

A-

90.1%

Does not have an emergency fund

A-

92.86%

Unbanked

A

93.93%

Underbanked

A

96.18%

Saving for Children's College

C+

77.76%

Overdraws checking account occasionally

A+

100%

Could come up with $2,000 in an emergency

A

93.45%

Has a household budget

D

66.4%

Has Taken a Hardship Withdrawal from Retirement Account

A

93.69%

Retirement Readiness and Other Investing

Access to a Retirement Plan

A+

98.13%

Take Up Rate of Retirement Plans

B+

89.11%

Tried to Figure Out how much needed for retirement

B+

87.76%

Amount of Income residents will be able to replace in retirement

D

63.88%

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

B

85.5%

Invests Outside of Retirement Accounts

C+

77.07%

Protect and Insure

Percent without Health Insurance

A-

92.59%

Average Face Amount of Life Insurance

C+

78.91%

Uninsured Motorists

B

85.89%