Texas - 2016

Final Grade

Financial Knowledge

F

58.18%

Credit

C-

72.87%

Savings and Spending

C+

79.13%

Retirement Readiness and Other Investing

F

55%

Protect and Insure

D

63.49%

Financial Knowledge

Mean number of correct answers

F

55%

Offered financial education and participated

F

57.55%

Levels of High School Financial Education

B

85%

Credit

General Credit

D+

67.88%

Housing Credit

B

84.75%

Auto Credit

C-

71.43%

Credit Card

D+

68.17%

Student Loan

D+

67.97%

Other Credit

D+

68.26%

General Credit

Vantage Scores

D-

62.86%

On Time Payers

D-

61.07%

Prime Credit

D

64.25%

Inclusion in Credit Economy

D+

68.39%

Revolving Credit

C

75.04%

Utilization

C-

72.19%

Bankruptcy

A

94.06%

Share Past Due

D

64.34%

Debt Burden

B-

82.14%

Highest Tier Credit

D-

60.63%

Housing Credit

Loan to Value Ratios

B+

87.84%

Equity Rich

C

73.45%

Homeownership Rates

C

74.22%

Mortgage Delinquency Rates

B

85.08%

Foreclosure Rates

A+

97.93%

Have a Mortgage

B+

88.51%

High Cost to Homeowners

C+

79.81%

High Cost to Renters

C

76.77%

Seriously Underwater Mortgages

A

93.04%

Mortgage balance as a proportion of household income

A-

91.39%

Auto Credit

Auto Loan as Portion of Household Income

D

66.55%

Auto Loan Delinquencies

C+

77.1%

Percent of Auto Loans

B-

80.09%

Impact of Auto Insurance Premiumes on Credit Scores

B-

81.56%

Credit Card

Always Paid Credit Card Bills In Full

C-

70.91%

Carried Balance on Credit Card with Interest Charged

C

75.54%

Made only Minimum Monthly Payments on Credit Card

D+

69.39%

Credit Card Delinquencies

C-

71.66%

Average Credit Card Balance as a Percent of Median Household Income

D+

68.82%

Student Loan

Graduates with Student Debt

B-

80.5%

Average Debt Balance

C+

77.85%

Calculated monthly Payments Prior to Borrowing

B

85.83%

Never Made a Late Payment on your Student Loan

F

59.93%

Other Credit

Unpaid Medical Bills

C-

71.54%

Used Alternative Borrowing

F

58.18%

Took a Loan from a Retirement Account

B

84.89%

Delinquency of Unsecured Personal Loans

D

66.34%

Balance of Unsecured Personal Loans as a Percent of Household Income

A+

99.07%

Savings and Spending

Spend less than Income

C+

78.47%

Does not have an emergency fund

C

74.71%

Unbanked

D+

69.64%

Underbanked

D

65.85%

Saving for Children's College

B-

82.22%

Overdraws checking account occasionally

B-

82.12%

Could come up with $2,000 in an emergency

D

65.69%

Has a household budget

B

85.65%

Has Taken a Hardship Withdrawal from Retirement Account

C+

77.69%

Retirement Readiness and Other Investing

Access to a Retirement Plan

D-

62.5%

Take Up Rate of Retirement Plans

C

76.5%

Tried to Figure Out how much needed for retirement

D-

61.12%

Amount of Income residents will be able to replace in retirement

B-

80.02%

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

B-

80.5%

Invests Outside of Retirement Accounts

F

56.33%

Protect and Insure

Percent without Health Insurance

F

55%

Average Face Amount of Life Insurance

C

75.63%

Uninsured Motorists

B-

80.77%