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MI SR0027

Resolution

Status

Passed

4/16/2025

Primary Sponsor

Mary Cavanagh

Click for details

Origin

Senate

103rd Legislature

AI Summary

  • Designates April 2025 as Financial Literacy Month in Michigan
  • Recognizes Public Act 105 of 2022, which established a stand-alone financial literacy course requirement for Michigan high school graduates
  • Highlights that 13% of Americans struggle to pay monthly bills and 11% have missed credit card or loan payments in the past year, according to 2022 National Foundation for Credit Counseling data
  • Acknowledges Michigan's financial literacy programming involving hundreds of organizations including financial institutions, nonprofits, government entities, schools, and libraries
  • Calls on parents, schools, businesses, financial institutions, community organizations, and government units to observe the month with appropriate programs and activities
  • Adopted by the Senate on April 16, 2025

Legislative Description

A resolution to designate April 2025 as Financial Literacy Month.

Last Action

Adopted

4/16/2025

Full Bill Text

No bill text available