Montana - 2016

Final Grade

Financial Knowledge

A-

90.52%

Credit

B+

87.87%

Savings and Spending

B

85.52%

Retirement Readiness and Other Investing

C+

77.01%

Protect and Insure

C-

72.97%

Financial Knowledge

Mean number of correct answers

A+

100%

Offered financial education and participated

C

75.05%

Levels of High School Financial Education

D

65%

Credit

General Credit

A-

90.31%

Housing Credit

B+

89.88%

Auto Credit

B-

81.93%

Credit Card

B-

82.59%

Student Loan

D-

62%

Other Credit

C-

72.01%

General Credit

Vantage Scores

B

86.43%

On Time Payers

A-

92.27%

Prime Credit

A

94.92%

Inclusion in Credit Economy

C

75.08%

Revolving Credit

A-

90.46%

Utilization

A-

91.89%

Bankruptcy

A

93.21%

Share Past Due

A

94.06%

Debt Burden

F

55.71%

Highest Tier Credit

A-

91.56%

Housing Credit

Loan to Value Ratios

A

93.92%

Equity Rich

B

84.33%

Homeownership Rates

B

86.41%

Mortgage Delinquency Rates

A

94.65%

Foreclosure Rates

A+

98.8%

Have a Mortgage

B-

80.48%

High Cost to Homeowners

C

73.33%

High Cost to Renters

B

84.03%

Seriously Underwater Mortgages

A+

97.61%

Mortgage balance as a proportion of household income

B-

82.18%

Auto Credit

Auto Loan as Portion of Household Income

C-

72.91%

Auto Loan Delinquencies

A-

92.19%

Percent of Auto Loans

C-

70.1%

Impact of Auto Insurance Premiumes on Credit Scores

B+

89.67%

Credit Card

Always Paid Credit Card Bills In Full

C

76.62%

Carried Balance on Credit Card with Interest Charged

C

75.12%

Made only Minimum Monthly Payments on Credit Card

A

95.64%

Credit Card Delinquencies

A

94.16%

Average Credit Card Balance as a Percent of Median Household Income

C-

71.81%

Student Loan

Graduates with Student Debt

D+

68.5%

Average Debt Balance

C

75.74%

Calculated monthly Payments Prior to Borrowing

C

73.01%

Never Made a Late Payment on your Student Loan

C

75.53%

Other Credit

Unpaid Medical Bills

C-

71.02%

Used Alternative Borrowing

C

76.85%

Took a Loan from a Retirement Account

B+

87.38%

Delinquency of Unsecured Personal Loans

A+

100%

Balance of Unsecured Personal Loans as a Percent of Household Income

F

55%

Savings and Spending

Spend less than Income

C

73.79%

Does not have an emergency fund

D

66.78%

Unbanked

B

83.21%

Underbanked

B

86.74%

Saving for Children's College

C-

70.07%

Overdraws checking account occasionally

A-

92.08%

Could come up with $2,000 in an emergency

B+

87.28%

Has a household budget

D+

67.21%

Has Taken a Hardship Withdrawal from Retirement Account

A-

92.34%

Retirement Readiness and Other Investing

Access to a Retirement Plan

B

83.13%

Take Up Rate of Retirement Plans

C

75.35%

Tried to Figure Out how much needed for retirement

B

86.24%

Amount of Income residents will be able to replace in retirement

B

86.39%

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

B-

82.75%

Invests Outside of Retirement Accounts

C

76.79%

Protect and Insure

Percent without Health Insurance

D+

68.96%

Average Face Amount of Life Insurance

B-

82.66%

Uninsured Motorists

C+

79.14%