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MI HR0476
Resolution
Status
Introduced
12/18/2018
Primary Sponsor
Sarah Anthony
Click for details
AI Summary
- Declares December 16-22, 2018, as Children's Savings Account Awareness Week in Michigan
- Children's Savings Accounts are savings or investment accounts sponsored by financial institutions that offer behavior-based incentives and savings-match opportunities to help families fund college education or career training
- Approximately 450,000 children nationwide have CSAs through more than 80 programs; Michigan has 6 operational CSA initiatives serving at least 12,635 individuals over the last two years
- Low-income students with CSAs graduate college at a rate of 33 percent compared to 7 percent for low-income students without CSAs
- Recognizes disparities in CSA participation by race and income level, with underutilization among low-income and immigrant families
Legislative Description
A resolution to declare December 16-22, 2018, as Children’s Savings Account Awareness Week in the state of Michigan.
Children's Savings Account Awareness Week
Last Action
Referred To Committee On Financial Services
12/19/2018
Committee Referrals
Financial Services12/19/2018
Full Bill Text
No bill text available