Senate Resolution No. designates April 2025 as Financial Literacy Month in Michigan, emphasizing the importance of financial education for individuals and the broader economy. The resolution highlights the benefits of informed financial decision-making, including improved economic self-sufficiency, successful homeownership, and enhanced retirement security, particularly for low and moderate-income citizens. It acknowledges the state's ongoing efforts to promote financial literacy through collaboration among various organizations, including financial institutions, non-profits, and educational entities, which aim to equip citizens with the necessary skills to manage their finances effectively.

The resolution also addresses the pressing need for personal financial education, citing statistics from the 2022 Consumer Financial Literacy Survey that reveal a significant number of Americans struggle with managing their monthly bills and debts. By designating April 2025 as Financial Literacy Month, the Senate aims to raise public awareness about the importance of financial education and encourages parents, schools, businesses, and community organizations to participate in related programs and activities. This initiative seeks to prepare Michiganders, especially the youth, for responsible financial management and to foster a financially literate society.