Thursday, July 24, 2008

Krebs appointed to financial literacy task force

   Del. Susan Krebs, (R-Dist. 9B) of Eldersburg is part of a new state task force that will assess whether Maryland elementary, middle and high schools should require financial literacy education.

   House Speaker Michael Busch (D-Dist. 30) of Annapolis recently appointed Krebs to the Task Force to Study How To Improve Financial Literacy in the State.

   The 21-member task force will examine the current ability of high school students and graduates to understand basic financial concepts like budgeting, banking, credit and investing. Task force members will evaluate existing financial literacy education in Maryland’s public schools.

   ‘‘To prepare our citizens to make decisions about credit cards, car loans and home loans, we need to make sure they are educated,” Krebs said in a press release.

   Recommendations are due back to the governor and the General Assembly by Dec. 1.