SR 108 — A resolution to designate April 2026 as Financial Literacy Month.

SR-108,MICHIGAN As Adopted by Senate, April 15, 2026 SENATE RESOLUTIONSenate NO.Resolution No.

108 Offered by Senators Huizenga, Webber, Bellino, Chang, Johnson, Santana and Theis offeredA theRESOLUTION followingTO resolution:DESIGNATE APRIL 2026 AS FINANCIAL LITERACY MONTH WHEREAS, The informed use of credit and other financial products and services benefits individual consumers and promotes economic growth;

Aand resolutionWHEREAS, The Michigan Legislature approved, and Governor Whitmer signed, Public Act 105 of 2022 to designateprovide Aprilfor 2026a asstand-alone Financialfinancial Literacyliteracy Month.course requirement for our high school graduates;

Whereas,and TheWHEREAS, informedFinancial useliteracy ofeducation creditat andan otherearly financialage productsencourages andgreater serviceseconomic benefitsself-sufficiency, individualhigher consumerslevels of successful homeownership, and promotesenhanced economicretirement growth;security, particularly among low- and moderate-income citizens;

and Whereas,WHEREAS, The Michigan Legislaturehas approved,formally andparticipated Governorin Whitmerfinancial signed,literacy Publicprogramming Actfor 105years ofthrough 2022the tocollaboration provideand forcoordinated aeffort stand-aloneof hundreds of organizations including financial literacyinstitutions, coursenon-profit requirementgroups, forgovernment ourentities, highschools, schooland graduates;libraries.

and Whereas, Financial literacy education at an early age encourages greater economic self-sufficiency, higher levels of successful homeownership, and enhanced retirement security, particularly among low- and moderate-income citizens;

and Fin.

Literacy Month 26_SR108_AA_1 mxshj8 1 Whereas, Michigan has formally participated in financial literacy programming for years through the collaboration and coordinated effort of hundreds of organizations including financial institutions, non-profit groups, government entities, schools, and libraries.

and Whereas,WHEREAS, A greater understanding of and familiarity with financial markets and institutions will lead to increased economic activity and growth;

and Whereas,WHEREAS, Personal financial education and money management skills are crucial to ensure that all Michiganders, especially our young people, are prepared to manage credit and debt and become responsible workers, heads of households, homeowners, investors, entrepreneurs, business leaders, and productive citizens;

and Whereas,WHEREAS, Expanding access to the mainstream financial system will provide individuals with less expensive and more secure funding options for managing finances and building wealth;

and Whereas,WHEREAS, Young people represent Michigan’s single greatest resource who, in the years ahead, will assume leadership positions and responsibility for the advancement of our society;

and Whereas,WHEREAS, Financial Literacy Month highlights the commitment of Michigan’s banks and credit unions to strengthen the financial knowledge of our citizens to prepare them for a fiscally responsible future;

now, therefore, be it ResolvedRESOLVED byBY theTHE Senate,SENATE, That the members of this legislative body designate April 2026 as Financial Literacy Month;

and be it further Fin.RESOLVED, That we raise public awareness about the importance of personal financial education in Michigan and the United States.

Literacy Month 26_SR108_AA_1 mxshj8 Resolved, That we raise public awareness about the importance of personal financial education in Michigan and the United States.

and be it further Resolved,RESOLVED, That we call on each parent, school, business, financial institution, community organization, and unit of government to observe this month with appropriate programs and activities.

Fin.Adopted by the Senate, April 15, 2026.

LiteracySecretary Monthof 26_SR108_AA_1the mxshj8Senate