Chelsea High School Wins Michigan's 2023 Personal Finance Challenge

On April 14, the Federal Reserve Bank of Chicago—Detroit Branch hosted the state finals of the 2023 High School Personal Finance Challenge, an event sponsored by the Michigan Credit Union Foundation.

The Personal Finance Challenge, which has become an annual part of April's Financial Literacy Month, is an opportunity for high school students to demonstrate their knowledge of personal finance by competing with other students across the state. Student groups receive a case study one week prior to the competition, where they take on the role of a financial planning company and present their recommendations to a panel of judges at the state finals.

The two teams with the highest scores after the case study then compete for the state title in a fast-paced “Quiz Bowl” round.

The 2023 winner was Chelsea High School. The Chelsea team will now compete in the regional competition for a chance to represent Michigan in the National Personal Finance Challenge in June.