Rhode Island - 2016

Final Grade

Financial Knowledge

D-

62.96%

Credit

C+

78.3%

Savings and Spending

B

83.31%

Retirement Readiness and Other Investing

C

73.17%

Protect and Insure

B-

80.09%

Financial Knowledge

Mean number of correct answers

C+

77.73%

Offered financial education and participated

F

55%

Levels of High School Financial Education

F

55%

Credit

General Credit

B

85.04%

Housing Credit

D+

68.6%

Auto Credit

A-

91.39%

Credit Card

C-

71.21%

Student Loan

D+

67.42%

Other Credit

B

86.69%

General Credit

Vantage Scores

B

83.57%

On Time Payers

B-

81.78%

Prime Credit

B

86.21%

Inclusion in Credit Economy

C-

70.25%

Revolving Credit

A-

90.94%

Utilization

B

83%

Bankruptcy

B-

82.17%

Share Past Due

C+

79.62%

Debt Burden

A-

90%

Highest Tier Credit

B-

80.31%

Housing Credit

Loan to Value Ratios

C+

79.32%

Equity Rich

C

75.97%

Homeownership Rates

D+

68.59%

Mortgage Delinquency Rates

C+

79.09%

Foreclosure Rates

B+

87.7%

Have a Mortgage

C-

71.61%

High Cost to Homeowners

D-

61.85%

High Cost to Renters

D

66.61%

Seriously Underwater Mortgages

B

83.26%

Mortgage balance as a proportion of household income

B

86.78%

Auto Credit

Auto Loan as Portion of Household Income

A

94.52%

Auto Loan Delinquencies

A

93.26%

Percent of Auto Loans

B-

81.83%

Impact of Auto Insurance Premiumes on Credit Scores

B

86.72%

Credit Card

Always Paid Credit Card Bills In Full

D

65.8%

Carried Balance on Credit Card with Interest Charged

D+

67.6%

Made only Minimum Monthly Payments on Credit Card

C

73%

Credit Card Delinquencies

B-

81.01%

Average Credit Card Balance as a Percent of Median Household Income

B-

80.87%

Student Loan

Graduates with Student Debt

C-

71.5%

Average Debt Balance

D-

60.95%

Calculated monthly Payments Prior to Borrowing

A

95.68%

Never Made a Late Payment on your Student Loan

C

74.94%

Other Credit

Unpaid Medical Bills

B-

80.66%

Used Alternative Borrowing

B-

82.28%

Took a Loan from a Retirement Account

B

85.41%

Delinquency of Unsecured Personal Loans

A

96.31%

Balance of Unsecured Personal Loans as a Percent of Household Income

B

85.75%

Savings and Spending

Spend less than Income

D-

62.63%

Does not have an emergency fund

B

83.58%

Unbanked

B

84.64%

Underbanked

A-

92.77%

Saving for Children's College

B+

88.18%

Overdraws checking account occasionally

C+

78.26%

Could come up with $2,000 in an emergency

C

74.68%

Has a household budget

C-

70.57%

Has Taken a Hardship Withdrawal from Retirement Account

C-

71.16%

Retirement Readiness and Other Investing

Access to a Retirement Plan

B+

88.75%

Take Up Rate of Retirement Plans

B

86.53%

Tried to Figure Out how much needed for retirement

C+

79.06%

Amount of Income residents will be able to replace in retirement

D+

68.94%

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

B

84%

Invests Outside of Retirement Accounts

C-

70.58%

Protect and Insure

Percent without Health Insurance

B+

88.32%

Average Face Amount of Life Insurance

B

83.75%

Uninsured Motorists

C

73.2%