MI SR0110

Recognizes April 2020 as Financial Literacy Month in Michigan.

Highlights that only 42% of U.S. adults maintain a budget and 41% of adults grade themselves C, D, or F in personal finance knowledge.

Notes that just 25 states require an economics course and 21 states require a personal finance course as high school graduation requirements.

Points out that 40% of U.S. adults cannot cover a $400 emergency expense and outstanding household debt reached $14.15 trillion as of Q4 2019.

Encourages parents, schools, businesses, financial institutions, community organizations, and government units to observe the month with programs and activities promoting financial education.