Tennessee - 2016

Final Grade

Financial Knowledge

C

76.95%

Credit

C

74.33%

Savings and Spending

C

75.86%

Retirement Readiness and Other Investing

F

59.82%

Protect and Insure

D

65.05%

Financial Knowledge

Mean number of correct answers

D+

69.85%

Offered financial education and participated

D+

68.62%

Levels of High School Financial Education

A

95%

Credit

General Credit

D+

67.84%

Housing Credit

C+

78.55%

Auto Credit

C-

72.19%

Credit Card

C-

72.1%

Student Loan

C+

79.65%

Other Credit

C-

70.32%

General Credit

Vantage Scores

D+

67.14%

On Time Payers

D

66.6%

Prime Credit

C-

70.6%

Inclusion in Credit Economy

C+

78.43%

Revolving Credit

D+

69.31%

Utilization

D+

67.36%

Bankruptcy

F

55%

Share Past Due

B

84.72%

Debt Burden

C+

79.29%

Highest Tier Credit

D

66.25%

Housing Credit

Loan to Value Ratios

C

76.89%

Equity Rich

C-

71.22%

Homeownership Rates

B

85.7%

Mortgage Delinquency Rates

B

86.36%

Foreclosure Rates

A

96.26%

Have a Mortgage

C+

78.44%

High Cost to Homeowners

C

76.11%

High Cost to Renters

C-

72.18%

Seriously Underwater Mortgages

B

83.91%

Mortgage balance as a proportion of household income

B+

87.38%

Auto Credit

Auto Loan as Portion of Household Income

D+

69.95%

Auto Loan Delinquencies

B-

82.22%

Percent of Auto Loans

B+

87.9%

Impact of Auto Insurance Premiumes on Credit Scores

C-

72.34%

Credit Card

Always Paid Credit Card Bills In Full

C

75.68%

Carried Balance on Credit Card with Interest Charged

C+

79.8%

Made only Minimum Monthly Payments on Credit Card

C+

77.79%

Credit Card Delinquencies

C

76.62%

Average Credit Card Balance as a Percent of Median Household Income

D-

61.97%

Student Loan

Graduates with Student Debt

C+

79%

Average Debt Balance

B-

80.08%

Calculated monthly Payments Prior to Borrowing

B+

87.88%

Never Made a Late Payment on your Student Loan

C+

79.32%

Other Credit

Unpaid Medical Bills

D+

69.28%

Used Alternative Borrowing

D

66.58%

Took a Loan from a Retirement Account

B

86.18%

Delinquency of Unsecured Personal Loans

C

74.13%

Balance of Unsecured Personal Loans as a Percent of Household Income

B+

89.5%

Savings and Spending

Spend less than Income

C-

70.17%

Does not have an emergency fund

D

63.42%

Unbanked

C-

72.14%

Underbanked

B

83.33%

Saving for Children's College

D

64.65%

Overdraws checking account occasionally

C+

78.89%

Could come up with $2,000 in an emergency

D+

68%

Has a household budget

B

84.69%

Has Taken a Hardship Withdrawal from Retirement Account

C+

77.6%

Retirement Readiness and Other Investing

Access to a Retirement Plan

C+

79.38%

Take Up Rate of Retirement Plans

C

73.92%

Tried to Figure Out how much needed for retirement

C-

70.58%

Amount of Income residents will be able to replace in retirement

B+

88%

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

D

65%

Invests Outside of Retirement Accounts

F

56.24%

Protect and Insure

Percent without Health Insurance

C

75.22%

Average Face Amount of Life Insurance

C-

72.5%

Uninsured Motorists

D

66.86%