April 2024: Financial Literacy Month

WHEREAS, improving one’s knowledge of personal finances contributes to the well-being not only of individuals and families, but also of the state as a whole; and,

WHEREAS, we acknowledge the importance of saving, navigating access to affordable credit options, and creating a reasonable and structured budget; and,

WHEREAS, financial literacy includes an understanding of the costs and benefits of proper home, property, and health insurance coverage; and,

WHEREAS, individuals who are educated about their personal financial situation are better equipped to make informed decisions about their health insurance options; and,

WHEREAS, I was proud to sign bipartisan legislation that will require a personal finance class to the high school curriculum in Michigan starting this year; and,

WHEREAS, financial literacy prepares and empowers individuals to make informed decisions related to education, training, and job opportunities; and,

WHEREAS, financial literacy helps individuals to navigate financial systems and complex financial tasks with confidence, such as buying a house and planning for retirement; and,

WHEREAS, the designation of April 2024 as Financial Literacy Month will help raise public awareness about the importance of financial education and empowerment in Michigan;

NOW, THEREFORE, I, Gretchen Whitmer, governor of Michigan, do hereby proclaim April 2024 as Financial Literacy Month in Michigan.