New Jersey - 2016

Final Grade

Financial Knowledge

D

66.64%

Credit

C+

79.6%

Savings and Spending

B

85.95%

Retirement Readiness and Other Investing

D

66.97%

Protect and Insure

B-

82%

Financial Knowledge

Mean number of correct answers

D

65.67%

Offered financial education and participated

F

59.11%

Levels of High School Financial Education

B

85%

Credit

General Credit

A-

92.74%

Housing Credit

F

58.24%

Auto Credit

B+

88.04%

Credit Card

A-

91.67%

Student Loan

D

64.97%

Other Credit

A-

91.22%

General Credit

Vantage Scores

B

83.57%

On Time Payers

B-

81.78%

Prime Credit

B+

89.11%

Inclusion in Credit Economy

B

83.26%

Revolving Credit

A

96.82%

Utilization

B+

89.96%

Bankruptcy

C+

79.62%

Share Past Due

A

95.75%

Debt Burden

A+

100%

Highest Tier Credit

B

83.13%

Housing Credit

Loan to Value Ratios

C

75.68%

Equity Rich

C

74.71%

Homeownership Rates

C+

79.14%

Mortgage Delinquency Rates

F

55%

Foreclosure Rates

F

55%

Have a Mortgage

C

76.37%

High Cost to Homeowners

F

57.04%

High Cost to Renters

D+

67.1%

Seriously Underwater Mortgages

C+

78.04%

Mortgage balance as a proportion of household income

B

86.78%

Auto Credit

Auto Loan as Portion of Household Income

A+

100%

Auto Loan Delinquencies

A

93.26%

Percent of Auto Loans

A+

100%

Impact of Auto Insurance Premiumes on Credit Scores

D

66.8%

Credit Card

Always Paid Credit Card Bills In Full

B+

87.82%

Carried Balance on Credit Card with Interest Charged

A

95.18%

Made only Minimum Monthly Payments on Credit Card

B+

88.31%

Credit Card Delinquencies

B-

82.47%

Average Credit Card Balance as a Percent of Median Household Income

A

95.47%

Student Loan

Graduates with Student Debt

D+

67%

Average Debt Balance

C-

71.6%

Calculated monthly Payments Prior to Borrowing

C

75.71%

Never Made a Late Payment on your Student Loan

B

84.12%

Other Credit

Unpaid Medical Bills

C+

79.64%

Used Alternative Borrowing

A

96.61%

Took a Loan from a Retirement Account

B+

88.17%

Delinquency of Unsecured Personal Loans

A

94.3%

Balance of Unsecured Personal Loans as a Percent of Household Income

B

84.1%

Savings and Spending

Spend less than Income

B-

81.25%

Does not have an emergency fund

A-

91.78%

Unbanked

C+

77.5%

Underbanked

B-

81.52%

Saving for Children's College

B+

89.83%

Overdraws checking account occasionally

C

73.8%

Could come up with $2,000 in an emergency

C

76.12%

Has a household budget

D

66.32%

Has Taken a Hardship Withdrawal from Retirement Account

B

83.82%

Retirement Readiness and Other Investing

Access to a Retirement Plan

D+

68.13%

Take Up Rate of Retirement Plans

B+

89.97%

Tried to Figure Out how much needed for retirement

C-

70.75%

Amount of Income residents will be able to replace in retirement

D-

61.89%

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

A-

90.5%

Invests Outside of Retirement Accounts

C

75.84%

Protect and Insure

Percent without Health Insurance

C+

78.35%

Average Face Amount of Life Insurance

B

83.91%

Uninsured Motorists

B

86.91%