Vermont - 2016

Year:
2016
Report Card Type:
Adult
Related Report Card:
2016 National Report Card on Adult Financial Literacy

Final Grade

B

86.44%

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Financial Knowledge

B

85.69%

Credit

A

94.41%

Savings and Spending

B+

88.11%

Retirement Readiness and Other Investing

C

73.1%

Protect and Insure

B

86.14%

Financial Knowledge

B

85.69%

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Mean number of correct answers

A

94.43%

Offered financial education and participated

C

73.11%

Levels of High School Financial Education

D

65%

Credit

A

94.41%

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General Credit

A

95.81%

Housing Credit

B

86.57%

Auto Credit

B+

87.56%

Credit Card

B

84.17%

Student Loan

D

66.47%

Other Credit

A-

91.59%

General Credit

A

95.81%

Download General Credit Chapter

Vantage Scores

A

95%

On Time Payers

B+

88.68%

Prime Credit

A+

100%

Inclusion in Credit Economy

B

85.87%

Revolving Credit

A-

90.14%

Utilization

B

85.9%

Bankruptcy

A

95.75%

Share Past Due

A-

90.66%

Debt Burden

B

84.29%

Highest Tier Credit

B+

88.75%

Housing Credit

B

86.57%

Download Housing Credit Chapter

Loan to Value Ratios

A+

98.78%

Equity Rich

A-

91.98%

Homeownership Rates

A

94.84%

Mortgage Delinquency Rates

B+

87.63%

Foreclosure Rates

B

86.49%

Have a Mortgage

C-

72.52%

High Cost to Homeowners

D

64.44%

High Cost to Renters

C-

71.45%

Seriously Underwater Mortgages

A

94.57%

Mortgage balance as a proportion of household income

A

95.1%

Auto Credit

B+

87.56%

Download Auto Credit Chapter

Auto Loan as Portion of Household Income

B+

88.75%

Auto Loan Delinquencies

A

94.34%

Percent of Auto Loans

D-

60.49%

Impact of Auto Insurance Premiumes on Credit Scores

B+

88.93%

Credit Card

B

84.17%

Download Credit Card Chapter

Always Paid Credit Card Bills In Full

C+

79.27%

Carried Balance on Credit Card with Interest Charged

C+

78.04%

Made only Minimum Monthly Payments on Credit Card

B

84.55%

Credit Card Delinquencies

A

93.57%

Average Credit Card Balance as a Percent of Median Household Income

B

84.19%

Student Loan

D

66.47%

Download Student Loan Chapter

Graduates with Student Debt

C-

71.5%

Average Debt Balance

D+

69.35%

Calculated monthly Payments Prior to Borrowing

C+

77.22%

Never Made a Late Payment on your Student Loan

B

83.19%

Other Credit

A-

91.59%

Download Other Credit Chapter

Unpaid Medical Bills

B-

80.43%

Used Alternative Borrowing

A+

100%

Took a Loan from a Retirement Account

A-

92.27%

Delinquency of Unsecured Personal Loans

A

95.41%

Balance of Unsecured Personal Loans as a Percent of Household Income

C

75.67%

Savings and Spending

B+

88.11%

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Spend less than Income

D-

60.52%

Does not have an emergency fund

C

73.17%

Unbanked

A

95.71%

Underbanked

B+

88.35%

Saving for Children's College

D+

69.84%

Overdraws checking account occasionally

B+

89.54%

Could come up with $2,000 in an emergency

A

93.14%

Has a household budget

D

64.43%

Has Taken a Hardship Withdrawal from Retirement Account

A+

100%

Retirement Readiness and Other Investing

C

73.1%

Download State Fact Sheet Download Retirement Readiness and Other Investing Chapter Download Full Report

Access to a Retirement Plan

A-

92.5%

Take Up Rate of Retirement Plans

C+

78.79%

Tried to Figure Out how much needed for retirement

C-

71.87%

Amount of Income residents will be able to replace in retirement

C-

72.08%

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

B-

81%

Invests Outside of Retirement Accounts

B-

81.37%

Protect and Insure

B

86.14%

Download State Fact Sheet Download Protect and Insure Chapter Download Full Report

Percent without Health Insurance

A

95.16%

Average Face Amount of Life Insurance

C-

71.88%

Uninsured Motorists

A-

90.59%