West Virginia - 2016

Final Grade

Financial Knowledge

C-

70.76%

Credit

C-

71.29%

Savings and Spending

C-

71.48%

Retirement Readiness and Other Investing

F

58.92%

Protect and Insure

C

75.32%

Financial Knowledge

Mean number of correct answers

C-

70.77%

Offered financial education and participated

D-

60.06%

Levels of High School Financial Education

B

85%

Credit

General Credit

C-

72.29%

Housing Credit

A-

90.74%

Auto Credit

D+

67.29%

Credit Card

F

55%

Student Loan

F

59.72%

Other Credit

C

73.38%

General Credit

Vantage Scores

D

65%

On Time Payers

C

74.6%

Prime Credit

C

74.42%

Inclusion in Credit Economy

D+

67.27%

Revolving Credit

D+

68.2%

Utilization

D+

68.91%

Bankruptcy

B+

89.81%

Share Past Due

B

83.02%

Debt Burden

C-

70.71%

Highest Tier Credit

C

74.69%

Housing Credit

Loan to Value Ratios

C

76.89%

Equity Rich

C-

70.76%

Homeownership Rates

A+

100%

Mortgage Delinquency Rates

C+

79.86%

Foreclosure Rates

A

95.99%

Have a Mortgage

A+

100%

High Cost to Homeowners

B+

87.96%

High Cost to Renters

B-

82.58%

Seriously Underwater Mortgages

B+

89.35%

Mortgage balance as a proportion of household income

A

96.88%

Auto Credit

Auto Loan as Portion of Household Income

D-

61.81%

Auto Loan Delinquencies

C

76.83%

Percent of Auto Loans

D

63.03%

Impact of Auto Insurance Premiumes on Credit Scores

B-

81.93%

Credit Card

Always Paid Credit Card Bills In Full

F

55%

Carried Balance on Credit Card with Interest Charged

D

65.84%

Made only Minimum Monthly Payments on Credit Card

F

55.03%

Credit Card Delinquencies

D+

69.03%

Average Credit Card Balance as a Percent of Median Household Income

F

59.31%

Student Loan

Graduates with Student Debt

D

65.5%

Average Debt Balance

C

76.02%

Calculated monthly Payments Prior to Borrowing

C+

78.34%

Never Made a Late Payment on your Student Loan

D+

68.61%

Other Credit

Unpaid Medical Bills

D

63.31%

Used Alternative Borrowing

C+

77.68%

Took a Loan from a Retirement Account

B

84%

Delinquency of Unsecured Personal Loans

A

94.99%

Balance of Unsecured Personal Loans as a Percent of Household Income

C

74.02%

Savings and Spending

Spend less than Income

D+

69.45%

Does not have an emergency fund

F

55%

Unbanked

D+

67.5%

Underbanked

B-

82.72%

Saving for Children's College

F

55%

Overdraws checking account occasionally

C

74.46%

Could come up with $2,000 in an emergency

D

66.71%

Has a household budget

C-

70.92%

Has Taken a Hardship Withdrawal from Retirement Account

A

95.41%

Retirement Readiness and Other Investing

Access to a Retirement Plan

B

85%

Take Up Rate of Retirement Plans

B-

80.8%

Tried to Figure Out how much needed for retirement

F

55%

Amount of Income residents will be able to replace in retirement

B+

88.31%

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

D

66%

Invests Outside of Retirement Accounts

F

55.02%

Protect and Insure

Percent without Health Insurance

B

84.91%

Average Face Amount of Life Insurance

F

59.84%

Uninsured Motorists

A-

90.8%