Financial Literacy Month 2026: Michigan Governor Signs Bipartisan Education Legislation

Michigan Governor Gretchen Whitmer and Lieutenant Governor Garlin Gilchrist II proclaimed April 2026 as Financial Literacy Month, emphasizing its importance for individual, family, and state well-being. Governor Whitmer also signed bipartisan legislation requiring a personal finance class in Michigan's high school curriculum, joining 30 other states that now mandate financial literacy instruction for high school graduation. The proclamation aims to increase public awareness about financial education and empowerment within the state. Research indicates that students who receive personal finance education in high school are more likely to have higher credit scores, fewer credit card delinquencies, and less debt. Financial literacy provides access to understanding budgeting, saving, credit management, debt reduction, fraud prevention, and planning for major life events and retirement. It also supports economic growth, household stability, and empowers individuals to make informed decisions about education, training, and job opportunities. The state also recognizes "Mi Money Matters" as a key resource for residents to build financial knowledge. Nationally, Intuit's data reveals that 88% of families believe financial literacy should be a core school subject, similar to math and science. The Securities and Exchange Commission, the Financial Literacy and Education Commission through MyMoney.gov, and numerous other federal agencies are also highlighting resources and tools throughout April to help Americans improve their financial knowledge and build toward financial independence. The 2026 401(k) contribution limits have increased to $24,500, with catch-up contributions of $8,000 for those 50 and older.