LIVONIA, Mich. (4/8/14)--Not only has Michigan branded April as National Financial Literacy Month, but thanks to the Michigan Credit Union League, the state's lawmakers have passed a resolution recognizing the month as Youth Financial Literacy Month as well.
The Senate resolution was introduced by Sen. Jim Marleau (R-Lake Orion) and the House resolution was tapped by Rep. Kevin Cotter (R-Mount Pleasant) (Michigan Monitor April 7).
Parents, schools, businesses, community organizations and governmental units have been called upon to observe the month with the appropriate programs and activities.
State lawmakers, meanwhile, also have eyes to extend financial education beyond Michigan's youth. Many legislators have committed to hosting or partnering with events scheduled for the MCUL's Financial Literacy Legislative Challenge, which aims to hand financial skills to students of all ages.
The challenge, in its 12th year running, has nearly 40 presentations or financial literacy events between legislators and credit unions planned for the month.
The state league also was granted its request this month to have Mike Callton (R-Nashville), chair of the House Financial Services Committee, host a hearing on youth financial literacy.
In the midst of Money Smart Week, which runs through Saturday, MCUL has started delivering donated books to families as part of its "Money Smart Kids Read" program.
On behalf of credit unions statewide, families receive the books during story time events held at libraries throughout Michigan. Children who attend will receive a free copy of "The Berenstain Bears' Trouble with Money," and adults will receive a copy of Jean Chatzky's "Money Rules."