Lawmakers in Michigan passed a resolution this week recognizing this month, already branded National Financial Literacy Month, as Youth Financial Literacy Month.
The resolution was introduced into the Senate by Sen. Jim Marleau (R-Lake Orion) and in the House by Rep. Kevin Cotter (R-Mount Pleasant).
Lawmakers are also hoping to extend financial education beyond the state’s youth, with many legislators committing to host or partner with events scheduled for the Michigan Credit Union League’s Financial Literacy Legislative Challenge.
Now in its 12th year, the challenge includes approximately 40 presentations and financial literacy events between legislators and credits unions.
The Michigan Credit Union League also saw its request to have Chair of the House Financial Services Committee Mike Callton (R-Nashville) host a hearing on youth financial literacy this month.