South Dakota - 2016

Final Grade

Financial Knowledge

B-

81.35%

Credit

A+

97.93%

Savings and Spending

A-

90.6%

Retirement Readiness and Other Investing

C

75.2%

Protect and Insure

B

85.26%

Financial Knowledge

Mean number of correct answers

B+

87.01%

Offered financial education and participated

B

86.23%

Levels of High School Financial Education

F

55%

Credit

General Credit

A

94.93%

Housing Credit

A+

99.28%

Auto Credit

B-

81.73%

Credit Card

A

96.9%

Student Loan

F

57.05%

Other Credit

C+

77.67%

General Credit

Vantage Scores

A

93.57%

On Time Payers

A

95.86%

Prime Credit

A+

98.73%

Inclusion in Credit Economy

B-

81.4%

Revolving Credit

A-

92.21%

Utilization

A

96.14%

Bankruptcy

A

94.06%

Share Past Due

A-

92.36%

Debt Burden

D-

60%

Highest Tier Credit

A

94.38%

Housing Credit

Loan to Value Ratios

N/A

0%

Equity Rich

N/A

0%

Homeownership Rates

A-

90.63%

Mortgage Delinquency Rates

A

96.94%

Foreclosure Rates

A+

98.06%

Have a Mortgage

B-

82.02%

High Cost to Homeowners

B+

88.52%

High Cost to Renters

A+

100%

Seriously Underwater Mortgages

N/A

0%

Mortgage balance as a proportion of household income

A-

92.28%

Auto Credit

Auto Loan as Portion of Household Income

C+

79.57%

Auto Loan Delinquencies

A-

92.46%

Percent of Auto Loans

D

65.54%

Impact of Auto Insurance Premiumes on Credit Scores

B

83.77%

Credit Card

Always Paid Credit Card Bills In Full

A+

100%

Carried Balance on Credit Card with Interest Charged

A+

100%

Made only Minimum Monthly Payments on Credit Card

A-

92.89%

Credit Card Delinquencies

A

93.86%

Average Credit Card Balance as a Percent of Median Household Income

B

83.19%

Student Loan

Graduates with Student Debt

D

65.5%

Average Debt Balance

C+

78.53%

Calculated monthly Payments Prior to Borrowing

D+

67.57%

Never Made a Late Payment on your Student Loan

C-

71.78%

Other Credit

Unpaid Medical Bills

C+

77.44%

Used Alternative Borrowing

C

73.35%

Took a Loan from a Retirement Account

B

83.55%

Delinquency of Unsecured Personal Loans

B+

87.83%

Balance of Unsecured Personal Loans as a Percent of Household Income

B

83.59%

Savings and Spending

Spend less than Income

C+

79.48%

Does not have an emergency fund

B+

87.73%

Unbanked

A-

91.79%

Underbanked

B-

80.92%

Saving for Children's College

B-

82.45%

Overdraws checking account occasionally

A-

90.6%

Could come up with $2,000 in an emergency

A

95.23%

Has a household budget

F

55%

Has Taken a Hardship Withdrawal from Retirement Account

B

86.08%

Retirement Readiness and Other Investing

Access to a Retirement Plan

A

94.38%

Take Up Rate of Retirement Plans

C

75.35%

Tried to Figure Out how much needed for retirement

B

83.27%

Amount of Income residents will be able to replace in retirement

C-

71.01%

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

B

84.5%

Invests Outside of Retirement Accounts

C

76.12%

Protect and Insure

Percent without Health Insurance

B-

81.49%

Average Face Amount of Life Insurance

B-

82.34%

Uninsured Motorists

A-

92.02%