Illinois Wants Every Child to Have Savings Account

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KFVS 12 News
April 21, 2010

CHICAGO (AP) - Illinois financial officials want every child born in the state to have a savings account.
Robin Kelly is chief of staff for state Treasurer Alexi Giannoulias, and Kelly has launched a task force to study the issue.

The 20-member task force will recommend the best way to create a savings account for every child born in Illinois. The panel is scheduled to present its findings to the General Assembly in the fall.

Kelly says the accounts will "foster a new generation of responsible savers." Advocates say the program is important because it's never too early to start saving money.

Panel members began meeting Tuesday. They'll hold four public hearings around the state starting next month.

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This page contains a single entry by Ernest Roberts published on April 21, 2010 4:10 PM.

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