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October 2022: Economic Education Month

WHEREAS, economics is the study of making sound decisions in managing scarce resources which is an essential skill for all people; and,
WHEREAS, the aim of economic education is to equip students with skills and tools for their economic roles as productive workers, informed consumers and savers, involved citizens, and lifelong decision-makers in a globally interdependent world; and,
WHEREAS, our democracy depends on the active support and involvement of economically literate citizens who can understand and evaluate critical issues of public policy; and,
WHEREAS, economic education must be established and maintained in our K-12 schools, where even young children are capable of learning basic economic concepts that help them understand their economic world; and,

WHEREAS, earlier this year, I signed House Bill 5190, a bipartisan bill updating Michigan’s high school curriculum to include a financial literacy course for the first time in state history because of the importance of a strong economic education; and,
WHEREAS, economic education in our schools depends on K-12 educators equipped with high quality training and resources to ensure students have equitable access to classroom lessons that develop the skills necessary to make informed choices as citizens;

NOW, THEREFORE, I, Gretchen Whitmer, governor of Michigan, do hereby proclaim October 2022 as Economic Education Month in Michigan.