April 21, 2010
CHICAGO (AP) - Illinois financial officials want every child born in the state to have a savings account.
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.