MI SR0102

Designates April 2024 as Financial Literacy Month in Michigan

References Public Act 105 (2022) which requires Michigan high school graduates to complete a stand-alone financial literacy course

Cites 2022 National Foundation for Credit Counseling data showing 13 percent of U.S. adults struggle to pay monthly bills and 11 percent missed at least one credit card or loan payment in the past year

Calls on parents, schools, businesses, financial institutions, community organizations, and government units to observe the month with appropriate programs and activities

Adopted by the Michigan Senate on March 13, 2024