Utah - 2016

Final Grade

Financial Knowledge

A+

100%

Credit

A+

99.32%

Savings and Spending

A-

92.23%

Retirement Readiness and Other Investing

C-

70.66%

Protect and Insure

A-

92.15%

Financial Knowledge

Mean number of correct answers

B-

82.84%

Offered financial education and participated

A+

100%

Levels of High School Financial Education

A+

100%

Credit

General Credit

A-

90.34%

Housing Credit

B-

82.07%

Auto Credit

B

86.19%

Credit Card

B

86.92%

Student Loan

A+

98.04%

Other Credit

A-

90.49%

General Credit

Vantage Scores

C+

79.29%

On Time Payers

A-

90.89%

Prime Credit

A-

92.38%

Inclusion in Credit Economy

B

85.5%

Revolving Credit

A

96.18%

Utilization

B+

88.99%

Bankruptcy

D

66.04%

Share Past Due

A+

100%

Debt Burden

C

75%

Highest Tier Credit

A-

91.56%

Housing Credit

Loan to Value Ratios

B-

82.97%

Equity Rich

D+

68.43%

Homeownership Rates

A-

92.97%

Mortgage Delinquency Rates

A

94.26%

Foreclosure Rates

A+

98.53%

Have a Mortgage

F

55%

High Cost to Homeowners

C+

79.44%

High Cost to Renters

B-

82.34%

Seriously Underwater Mortgages

A-

92.61%

Mortgage balance as a proportion of household income

B

86.93%

Auto Credit

Auto Loan as Portion of Household Income

B+

87.57%

Auto Loan Delinquencies

A

96.77%

Percent of Auto Loans

D

63.11%

Impact of Auto Insurance Premiumes on Credit Scores

B

83.4%

Credit Card

Always Paid Credit Card Bills In Full

B

84.26%

Carried Balance on Credit Card with Interest Charged

B

84.2%

Made only Minimum Monthly Payments on Credit Card

C

73.75%

Credit Card Delinquencies

A

93.86%

Average Credit Card Balance as a Percent of Median Household Income

A

94.36%

Student Loan

Graduates with Student Debt

B+

88%

Average Debt Balance

A+

100%

Calculated monthly Payments Prior to Borrowing

A-

91.03%

Never Made a Late Payment on your Student Loan

B-

82.11%

Other Credit

Unpaid Medical Bills

B-

82.16%

Used Alternative Borrowing

A

93.52%

Took a Loan from a Retirement Account

B-

81.54%

Delinquency of Unsecured Personal Loans

B

83.59%

Balance of Unsecured Personal Loans as a Percent of Household Income

A+

100%

Savings and Spending

Spend less than Income

B

86.56%

Does not have an emergency fund

D+

68.9%

Unbanked

A

95%

Underbanked

A

94.78%

Saving for Children's College

B

85.87%

Overdraws checking account occasionally

C

76.61%

Could come up with $2,000 in an emergency

C

73.65%

Has a household budget

A-

92.5%

Has Taken a Hardship Withdrawal from Retirement Account

B

84.94%

Retirement Readiness and Other Investing

Access to a Retirement Plan

C+

79.38%

Take Up Rate of Retirement Plans

C+

78.5%

Tried to Figure Out how much needed for retirement

B

85.01%

Amount of Income residents will be able to replace in retirement

C+

79.13%

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

B

85.5%

Invests Outside of Retirement Accounts

D-

61.93%

Protect and Insure

Percent without Health Insurance

C

73.8%

Average Face Amount of Life Insurance

A+

100%

Uninsured Motorists

A

96.11%