South Carolina - 2016

Final Grade

Financial Knowledge

C

74.85%

Credit

D

63.51%

Savings and Spending

C

75.47%

Retirement Readiness and Other Investing

D+

67.54%

Protect and Insure

C-

70.65%

Financial Knowledge

Mean number of correct answers

C-

70.31%

Offered financial education and participated

C-

72%

Levels of High School Financial Education

B

85%

Credit

General Credit

D

65.49%

Housing Credit

C

73.93%

Auto Credit

D+

69.47%

Credit Card

D-

61.02%

Student Loan

D

66.11%

Other Credit

C-

70.09%

General Credit

Vantage Scores

D

63.57%

On Time Payers

F

56.1%

Prime Credit

D

64.8%

Inclusion in Credit Economy

C+

79.55%

Revolving Credit

C-

71.22%

Utilization

D

66.59%

Bankruptcy

A-

92.36%

Share Past Due

C

73.68%

Debt Burden

D

65%

Highest Tier Credit

F

55%

Housing Credit

Loan to Value Ratios

C

75.68%

Equity Rich

D+

68.3%

Homeownership Rates

A-

90.16%

Mortgage Delinquency Rates

C

73.99%

Foreclosure Rates

A-

90.17%

Have a Mortgage

C

75.67%

High Cost to Homeowners

C

75.56%

High Cost to Renters

D+

69.52%

Seriously Underwater Mortgages

B

85.22%

Mortgage balance as a proportion of household income

B

85.3%

Auto Credit

Auto Loan as Portion of Household Income

C-

72.76%

Auto Loan Delinquencies

C

76.02%

Percent of Auto Loans

C

73.21%

Impact of Auto Insurance Premiumes on Credit Scores

C

73.81%

Credit Card

Always Paid Credit Card Bills In Full

D-

61.32%

Carried Balance on Credit Card with Interest Charged

C-

70.72%

Made only Minimum Monthly Payments on Credit Card

D

66.04%

Credit Card Delinquencies

C-

72.82%

Average Credit Card Balance as a Percent of Median Household Income

F

57.1%

Student Loan

Graduates with Student Debt

B-

80.5%

Average Debt Balance

D+

69.04%

Calculated monthly Payments Prior to Borrowing

B

86.37%

Never Made a Late Payment on your Student Loan

D

64.7%

Other Credit

Unpaid Medical Bills

D

65.74%

Used Alternative Borrowing

C

75.17%

Took a Loan from a Retirement Account

C+

77.46%

Delinquency of Unsecured Personal Loans

A-

91.17%

Balance of Unsecured Personal Loans as a Percent of Household Income

C

75.45%

Savings and Spending

Spend less than Income

C

74.85%

Does not have an emergency fund

C

76.06%

Unbanked

D+

69.29%

Underbanked

D+

69.46%

Saving for Children's College

C-

70.49%

Overdraws checking account occasionally

C

75.49%

Could come up with $2,000 in an emergency

C-

71.84%

Has a household budget

C

76.41%

Has Taken a Hardship Withdrawal from Retirement Account

C

76.71%

Retirement Readiness and Other Investing

Access to a Retirement Plan

C

75.63%

Take Up Rate of Retirement Plans

C+

77.07%

Tried to Figure Out how much needed for retirement

C+

77.01%

Amount of Income residents will be able to replace in retirement

A

95.55%

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

C-

71.75%

Invests Outside of Retirement Accounts

D-

62.01%

Protect and Insure

Percent without Health Insurance

C-

70.66%

Average Face Amount of Life Insurance

D

63.13%

Uninsured Motorists

A-

92.23%