Bill > SR0027

This resolution designates April 2025 as Financial Literacy Month in Michigan, acknowledging the critical importance of financial education for individuals and the broader economy. The resolution highlights several key points, including recent state legislation requiring a standalone financial literacy course for high school graduates, and cites data from a 2022 Consumer Financial Literacy Survey showing that many Americans struggle with monthly bill payments and credit management. The resolution aims to raise public awareness about the significance of personal financial education, emphasizing that financial literacy can lead to greater economic self-sufficiency, improved homeownership rates, enhanced retirement security, and increased economic activity. It calls on various stakeholders—including parents, schools, businesses, financial institutions, community organizations, and government entities—to participate in programs and activities that promote financial knowledge, with a particular focus on preparing young people to become responsible financial decision-makers. The underlying motivation is to help citizens better manage their finances, access mainstream financial systems, and contribute to overall economic growth.

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SR-0027