Financial Literacy (H.228) - Feb 14, 2023

On Tuesday, Representative Jerome presented her bill, H.228, which would require high school juniors and seniors to receive financial literacy instruction as a condition of graduation.

She shared a conversation she had with a 26-year-old where she was shocked about how little this person understood about personal finance and how concepts like retirement savings, loans, and credit scores worked and what impacted them.

Representative Brady suggested adding things like tax credits to the list of things for instruction. Jerome suggested that there was curriculum available to schools for this so they would not necessarily need to develop their own. Michigan recently passed a rule that allows students to use financial literacy towards math and other credit requirements.

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