A measure that state Rep. Ann Bollin, R-Brighton Township, helped sponsor, which makes sure Michigan children are taught personal finance skills, is headed to Gov. Gretchen Whitmer for consideration as a new state law.
The plan adds a personal finance course to the required curriculum for Michigan high school students.
“Michigan teens should have a well-rounded education that includes information about how to handle their personal finances,” said Bollin. “Young people are faced with financial decisions at just 17- or 18-years-old that can have long-lasting ramifications. We need to make sure future generations are equipped with the knowledge they need to budget, do their taxes, handle decisions about debt, and plan for the future.”
House Bill 5190 requires course credit in personal finance to finish high school, beginning with students entering eighth grade in 2023. It adds a half credit requirement while reducing the foreign language requirement from two to one-and-a-half credits.
The measure received bipartisan support in the House and Senate.
