New Mexico - 2016

Final Grade

Financial Knowledge

C

73.69%

Credit

C-

72.89%

Savings and Spending

D+

69.45%

Retirement Readiness and Other Investing

D-

62.81%

Protect and Insure

D

65.49%

Financial Knowledge

Mean number of correct answers

C+

77.73%

Offered financial education and participated

D

64.05%

Levels of High School Financial Education

C

75%

Credit

General Credit

D+

68.91%

Housing Credit

C

75.1%

Auto Credit

D+

69.91%

Credit Card

F

57.34%

Student Loan

A+

100%

Other Credit

D

66.26%

General Credit

Vantage Scores

D

65.71%

On Time Payers

D

63.01%

Prime Credit

C-

71.15%

Inclusion in Credit Economy

D

65.04%

Revolving Credit

C

73.92%

Utilization

C-

72.38%

Bankruptcy

B+

89.81%

Share Past Due

C

73.68%

Debt Burden

C

74.29%

Highest Tier Credit

D

63.44%

Housing Credit

Loan to Value Ratios

B

85.41%

Equity Rich

C-

70.8%

Homeownership Rates

B+

87.58%

Mortgage Delinquency Rates

C

75.14%

Foreclosure Rates

B

84.35%

Have a Mortgage

C

75.17%

High Cost to Homeowners

C-

70.19%

High Cost to Renters

C-

70.73%

Seriously Underwater Mortgages

A

93.26%

Mortgage balance as a proportion of household income

B

83.22%

Auto Credit

Auto Loan as Portion of Household Income

F

58.7%

Auto Loan Delinquencies

C-

70.63%

Percent of Auto Loans

B-

80.62%

Impact of Auto Insurance Premiumes on Credit Scores

A-

91.89%

Credit Card

Always Paid Credit Card Bills In Full

F

56.03%

Carried Balance on Credit Card with Interest Charged

D

66.41%

Made only Minimum Monthly Payments on Credit Card

F

59.07%

Credit Card Delinquencies

C

76.92%

Average Credit Card Balance as a Percent of Median Household Income

F

55%

Student Loan

Graduates with Student Debt

A+

97%

Average Debt Balance

A+

99.85%

Calculated monthly Payments Prior to Borrowing

A

96.68%

Never Made a Late Payment on your Student Loan

C-

71.33%

Other Credit

Unpaid Medical Bills

C-

70.49%

Used Alternative Borrowing

C-

70.39%

Took a Loan from a Retirement Account

C+

77.59%

Delinquency of Unsecured Personal Loans

F

59.03%

Balance of Unsecured Personal Loans as a Percent of Household Income

A+

97.05%

Savings and Spending

Spend less than Income

C-

72.91%

Does not have an emergency fund

D+

67.25%

Unbanked

D+

67.86%

Underbanked

C

75.69%

Saving for Children's College

D

65.75%

Overdraws checking account occasionally

F

56.52%

Could come up with $2,000 in an emergency

D+

67.4%

Has a household budget

D+

69.47%

Has Taken a Hardship Withdrawal from Retirement Account

B-

82.43%

Retirement Readiness and Other Investing

Access to a Retirement Plan

D-

60.63%

Take Up Rate of Retirement Plans

C

75.64%

Tried to Figure Out how much needed for retirement

C

73.3%

Amount of Income residents will be able to replace in retirement

A

93.81%

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

C+

77.25%

Invests Outside of Retirement Accounts

D-

62.55%

Protect and Insure

Percent without Health Insurance

D+

68.1%

Average Face Amount of Life Insurance

B

83.59%

Uninsured Motorists

D

63.8%