State Rep. Rodney Wakeman speaks in support of his resolution to declare April as Financial Literacy Month in Michigan.
State Rep. Rodney Wakeman recently led the House in adopting a measure to declare April as Financial Literacy Month in Michigan.
Wakeman, of Saginaw Township, introduced the resolution to bring awareness to the importance of financial literacy.
“As Vice Chair of Financial Services, I want to ensure that residents of Michigan possess the skills and knowledge that will allow them to make informed and effective financial decisions,” Wakeman said. “It’s incredibly important for all of us, especially young people, to learn healthy financial habits. A strong understanding of credit, debt and other financial management skills will build a strong foundation for future success in life.”
Only 57% of adults can be described as financially literate, according to a comprehensive 2014 study conducted by the Global Financial Literacy Excellence Center. A recent Gallup poll found just 1 in 3 Americans reported having a household budget.
State Rep. Rodney Wakeman, chair of the House Families, Children and Seniors Committee, this week announced a comprehensive plan aimed at improving access to high-quality, affordable childcare for Michigan families.
Rep. Wakeman talks about passage Tuesday by the House Families, Children and Seniors Committee of his legislation that would offer a $210 state income tax exemption for mothers who are at least 12 weeks pregnant by the end of the tax year and under the care and observation of a physician.
Rep. Wakeman says legislation announced on Thursday to protect Michigan’s seniors from elder abuse will focus on reforms impacting conservators and guardians. The plan stems from the 2019 report of the state’s Elder Abuse Task Force.