Senate Resolution No. designates April 2026 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 increased economic self-sufficiency, successful homeownership, and enhanced retirement security, particularly for low- and moderate-income citizens. It acknowledges the collaborative efforts of various organizations in Michigan that have been working to promote financial literacy and the need for a stand-alone financial literacy course requirement for high school graduates, as established by Public Act 105.
The resolution calls for raising public awareness about personal financial education and encourages parents, schools, businesses, financial institutions, community organizations, and government entities to participate in activities that promote financial literacy during this designated month. By fostering a greater understanding of financial markets and institutions, the resolution aims to prepare Michiganders, especially young people, to manage credit and debt effectively, ultimately contributing to a more financially responsible and economically vibrant society.