State Rep. Diana Farrington spearheaded a plan to declare April as Financial Literacy Month in Michigan.
Farrington, who chairs the House Committee on Financial Services, has been at the forefront of many finance reforms over the years. Farrington recently introduced House Bill 5190, which would modify the Michigan Merit Curriculum to include successful completion of a half-credit course in personal finance as a graduation requirement. Under the bill, the required course would cover the necessary skills and knowledge for managing one’s personal finances.
“Currently, there are no requirements in Michigan’s schools to teach our students about financial skills and personal finance,” said Farrington, of Utica. “Meanwhile, Michiganders across the state are suffering from high personal debt, historically high inflation rates, gas prices, and costs for other essentials. If there were ever a time to implement a proper financial literacy curriculum in Michigan’s schools, it’s now. These skills would benefit students in both the short and long run. I am encouraged my colleagues on both sides of the aisle voted in favor of the resolution to declare this month as Financial Literacy Month. April is now a vital, much-needed reminder that we must continue our best efforts in helping Michigan’s citizens understand personal finance – for the benefit of everyone in our state.”
Rep. Farrington says that when 8th graders return to class this time next year, a new state law will require them and the classes following them to complete a half-credit personal finance course to graduate from high school. The plan, Public Act 105 of 2022, was approved by the Legislature and signed into law over […]
State Rep. Diana Farrington, chair of the House Financial Services Committee, today celebrated Michigan students who will learn critical knowledge and skills in a personal finance course that will be required across the state under her plan that was signed into law this afternoon.