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Secretary of Labor Thomas E. Perez
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News Release

EBSA News Release: [04/12/2012]
Contact Name: Jason Surbey or Mike Trupo
Phone Number: (202) 693-4668 or x6588
Release Number: 12-0676-NAT

US Labor Department to host April 18 webinar for college seniors, young workers

Speakers will share ways to pay down debt, build secure financial future

WASHINGTON — As part of National Financial Capability Month, the U.S. Department of Labor's Employee Benefits Security Administration will host a webinar designed to help college seniors and young workers get on track to pay down debt and start saving for retirement. "Key Financial Steps for College Seniors and Young Workers" will be held from 4-5:15 p.m. EDT on Wednesday, April 18.

"Many young adults are entering the workforce today with the right knowledge and skills to perform their jobs at a high level but lack understanding of how to manage their personal finances," said Secretary of Labor Hilda L. Solis. "By acting early and utilizing employer-sponsored benefits, young workers can take charge of their finances and begin to build retirement savings at a time in their lives when it will have the greatest impact."

Participants in the webinar will learn five steps to get off to a good financial start, including how to create a budget, repay student loans, think like a saver and stay out of debt, invest for the future and make the most of job-related benefits. By getting a good financial start early in their careers, young workers will be better prepared for the future and long-term goals such as retirement.

The webinar will feature speakers from the Consumer Federation of America/America Saves, the National Endowment for Financial Education, and the Society for Financial Education and Professional Development.

Members of the public can register at http://s.dol.gov/PF.

Press planning to cover the webinar should notify Jason Surbey or Mike Trupo in the Department of Labor's Office of Public Affairs using the contact information above.