Nebraska - 2016

Year:
2016
Report Card Type:
Adult
Related Report Card:
2016 National Report Card on Adult Financial Literacy

Final Grade

B

84.67%

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Financial Knowledge

B-

80.83%

Credit

A-

92.12%

Savings and Spending

B

86.21%

Retirement Readiness and Other Investing

C

74.75%

Protect and Insure

B

84.05%

Financial Knowledge

B-

80.83%

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Mean number of correct answers

B

85.62%

Offered financial education and participated

D+

67.59%

Levels of High School Financial Education

C

75%

Credit

A-

92.12%

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General Credit

A

93.21%

Housing Credit

B+

88.25%

Auto Credit

B

84%

Credit Card

B

83.67%

Student Loan

D

65.25%

Other Credit

B

85.92%

General Credit

A

93.21%

Download General Credit Chapter

Vantage Scores

A-

91.43%

On Time Payers

A

93.1%

Prime Credit

A

95.46%

Inclusion in Credit Economy

C

76.57%

Revolving Credit

A-

90.94%

Utilization

A

93.82%

Bankruptcy

B

84.72%

Share Past Due

A-

92.36%

Debt Burden

C

73.57%

Highest Tier Credit

A

94.38%

Housing Credit

B+

88.25%

Download Housing Credit Chapter

Loan to Value Ratios

C+

78.11%

Equity Rich

D-

62.46%

Homeownership Rates

B

85.23%

Mortgage Delinquency Rates

A+

97.96%

Foreclosure Rates

A+

98.8%

Have a Mortgage

C+

78%

High Cost to Homeowners

B+

87.78%

High Cost to Renters

A

93.71%

Seriously Underwater Mortgages

A-

91.09%

Mortgage balance as a proportion of household income

A

93.76%

Auto Credit

B

84%

Download Auto Credit Chapter

Auto Loan as Portion of Household Income

B

84.01%

Auto Loan Delinquencies

A

93.26%

Percent of Auto Loans

C+

77.82%

Impact of Auto Insurance Premiumes on Credit Scores

B-

80.08%

Credit Card

B

83.67%

Download Credit Card Chapter

Always Paid Credit Card Bills In Full

C

74.01%

Carried Balance on Credit Card with Interest Charged

B-

82.24%

Made only Minimum Monthly Payments on Credit Card

B-

81.66%

Credit Card Delinquencies

A-

91.53%

Average Credit Card Balance as a Percent of Median Household Income

B+

88.17%

Student Loan

D

65.25%

Download Student Loan Chapter

Graduates with Student Debt

C

74.5%

Average Debt Balance

C+

77.76%

Calculated monthly Payments Prior to Borrowing

C-

71.32%

Never Made a Late Payment on your Student Loan

C

75.39%

Other Credit

B

85.92%

Download Other Credit Chapter

Unpaid Medical Bills

C-

72.23%

Used Alternative Borrowing

B

84.35%

Took a Loan from a Retirement Account

A+

99.43%

Delinquency of Unsecured Personal Loans

A-

92.77%

Balance of Unsecured Personal Loans as a Percent of Household Income

C+

79.5%

Savings and Spending

B

86.21%

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Spend less than Income

B-

80.07%

Does not have an emergency fund

B

85.37%

Unbanked

B

86.43%

Underbanked

B-

80.51%

Saving for Children's College

D

64.7%

Overdraws checking account occasionally

A

94.79%

Could come up with $2,000 in an emergency

B-

82%

Has a household budget

D-

60.41%

Has Taken a Hardship Withdrawal from Retirement Account

B+

89.19%

Retirement Readiness and Other Investing

C

74.75%

Download State Fact Sheet Download Retirement Readiness and Other Investing Chapter Download Full Report

Access to a Retirement Plan

B+

88.75%

Take Up Rate of Retirement Plans

C+

77.64%

Tried to Figure Out how much needed for retirement

B-

81.25%

Amount of Income residents will be able to replace in retirement

C-

70.53%

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

A

95%

Invests Outside of Retirement Accounts

D+

69.92%

Protect and Insure

B

84.05%

Download State Fact Sheet Download Protect and Insure Chapter Download Full Report

Percent without Health Insurance

B-

81.77%

Average Face Amount of Life Insurance

C+

77.34%

Uninsured Motorists

A

94.27%